The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 1?
A) $240 billion
B) $0
C) $25 billion
D) Not enough information is provided to answer the question.

Question

Quizplus · Accepted Answer

The table does not provide any information about changes in the amount of debt over time. Therefore, the amount of debt at the end of year 1 is the same as the beginning amount, which is $25 billion.

The Government Begins Year 1 with $25 Billion of Debt