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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 24
Suppose that in the year 2020 our national debt were $10 trillion and our budget deficit were $300 billion. If a plan to gradually reduce the deficit and to balance the budget in the year 2030 were successful, make an estimate of the national debt in 2030.
Explanation
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Deficit refers to the situation where th...
Macroeconomics 11th Edition by Stephen Slavin
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