Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 30, Problem 1SPA
To determine

Explain Country U’s government debt changes in July 2017.

Expert Solution & Answer
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Explanation of Solution

In this case, the total amount of Country U’s government debt increases by the amount of deficit, which is $43 billion in July 2017.

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