Answered: Assume the national debt is $18…

Assume the national debt is $18 trillion and the inflation rate is 2%. The deficit is $500 billion. What is the value of the deficit if the inflation tax revenues are added to it

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government

Section: Chapter Questions

Problem 11QP

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Assume the national debt is $18 trillion and the inflation rate is 2%. The deficit is $500 billion. What is the value of the deficit if the inflation tax revenues are added to it?

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