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book Macroeconomics 11th Edition by Stephen Slavin cover

Macroeconomics 11th Edition by Stephen Slavin

Edition 11ISBN: 978-0077641559
book Macroeconomics 11th Edition by Stephen Slavin cover

Macroeconomics 11th Edition by Stephen Slavin

Edition 11ISBN: 978-0077641559
Exercise 69
Suppose that on October 1, 2035, our national debt were $25 trillion and our deficit for fiscal year 2035 were $2 trillion. If we reduce our deficit by $500 billion in fiscal year 2036, reduce it by another $500 billion in fiscal year 2037, and then reduce it by still another $500 billion in fiscal year 2038, how much would our national debt be on October 1, 2039?
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Macroeconomics 11th Edition by Stephen Slavin
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