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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 20
Calculate the real deficit or surplus in the following cases:
a.nflation is 10 percent.ebt is $3 trillion.ominal deficit is $220 billion.
b.nflation is 2 percent.ebt is $1 trillion.ominal deficit is $50 billion.
c.nflation is -4 percent.Price levels are falling.) Debt is $500 billion.ominal deficit is $30 billion.
d.nflation is 3 percent.ebt is $2 trillion.ominal surplus is $100 billion.
a.nflation is 10 percent.ebt is $3 trillion.ominal deficit is $220 billion.
b.nflation is 2 percent.ebt is $1 trillion.ominal deficit is $50 billion.
c.nflation is -4 percent.Price levels are falling.) Debt is $500 billion.ominal deficit is $30 billion.
d.nflation is 3 percent.ebt is $2 trillion.ominal surplus is $100 billion.
Explanation
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Real deficit can be defined as the chang...
Macroeconomics 9th Edition by David Colander
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