the nominal federal budget deficit in the US is about $1.7 trillion and outstanding debt is about $33 trillion. What is the real deficit if the inflation rate is 4%? a) 3 trillion b) -0.4 trillion c) 0.4 trillion d) none of the above

the nominal federal budget deficit in the US is about $1.7 trillion and outstanding debt is about $33 trillion. What is the real deficit if the inflation rate is 4%? a) 3 trillion b) -0.4 trillion c) 0.4 trillion d) none of the above

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 8QR

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the nominal federal budget deficit in the US is about $1.7 trillion and outstanding debt is about $33 trillion. What is the real deficit if the inflation rate is 4%?

a) 3 trillion

b) -0.4 trillion

c) 0.4 trillion

d) none of the above

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