A government starts off with a total debt of $3.2 billion. The deficit or surplus of...

 

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A government starts off with a total debt of $3.2 billion. The deficit or surplus of the following years are reflected below: Year 1: Deficit of $300 million. Year 2: Deficit of $1 billion. Year 3: Surplus of $500 million. What is the total debt of the government at the end of year three? (type your answer in terms of billions) National Debt: $Blank 1 Billion Now assume that a government runs a budget deficit of $5 billion dollars each year for 6 years, then a surplus of $2.5 billion for five years, and then a balanced budget for another ten years, what is the government debt? National Debt: $Blank 2 Billion Blank 1 Add your answer Blank 2 Add your answer A government starts off with a total debt of $3.2 billion. The deficit or surplus of the following years are reflected below: Year 1: Deficit of $300 million. Year 2: Deficit of $1 billion. Year 3: Surplus of $500 million. What is the total debt of the government at the end of year three? (type your answer in terms of billions) National Debt: $Blank 1 Billion Now assume that a government runs a budget deficit of $5 billion dollars each year for 6 years, then a surplus of $2.5 billion for five years, and then a balanced budget for another ten years, what is the government debt? National Debt: $Blank 2 Billion Blank 1 Add your answer Blank 2 Add your answer

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Total government debt when 3 year beginning debt yea... View the full answer