At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession. Date Deficit (in trillions) April 2020 $0.74 May 2020 $0.40 June 2020 $0.86 July 2020 $0.06 August 2020 $0.20 September 2020 $0.12 At the end of September 2020, total debt would be equal to $25600 trillion (round your answer to one decimal place).

At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession. Date Deficit (in trillions) April 2020 $0.74 May 2020 $0.40 June 2020 $0.86 July 2020 $0.06 August 2020 $0.20 September 2020 $0.12 At the end of September 2020, total debt would be equal to $25600 trillion (round your answer to one decimal place).

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 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...

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