Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5. What is the absolute size of its public debt in year 5? Instructions: Enter a value for the surplus or deficit as a whole number. Do not include a plus or minus sign. 24 billion If its real GDP in year 5 is $104 billion, what is this country's public debt as a percentage of real GDP in year 5?

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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20
billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5.
What is the absolute size of its public debt in year 5?
Instructions: Enter a value for the surplus or deficit as a whole number. Do not include a plus or minus sign.
24
billion
If its real GDP in year 5 is $104 billion, what is this country's public debt as a percentage of real GDP in year 5?
Instructions: Round your answer to two decimal places.
percent
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Transcribed Image Text:Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5. What is the absolute size of its public debt in year 5? Instructions: Enter a value for the surplus or deficit as a whole number. Do not include a plus or minus sign. 24 billion If its real GDP in year 5 is $104 billion, what is this country's public debt as a percentage of real GDP in year 5? Instructions: Round your answer to two decimal places. percent Prev 1 of 47 Next >
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