Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced Question: Determine the value of the government debt for the period 2018–2022.
Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced Question: Determine the value of the government debt for the period 2018–2022.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 1SCQ: When governments run budget deficits, how do they make up the differences between tax revenue and...
Related questions
Question
Year |
SGovernment (billions) |
Status of government budget |
2018 |
$200 |
Surplus |
2019 |
-800 |
Deficit |
2020 |
-400 |
Deficit |
2021 |
700 |
Surplus |
2022 |
0 |
Balanced |
Question: Determine the value of the government debt for the period 2018–2022.
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