The nominal deficit is $150 billion, inflation is 4%, and the total debt is $8 trillion. Does

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The nominal deficit is $150 billion, inflation is 4%, and the total debt is $8 trillion. Does this economy have a real deficit or a real surplus? Show your calculations.

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Posted Date: Mar 01, 2024 11:11 PM

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The nominal deficit is $150 billion, inflation is 4%, and the total debt is $8 trillion. Does

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To determine whether the economy has a real deficit or a real surplus we need to adjust the nomina... View the full answer

Macroeconomics

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