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 4?
A) $5 billion
B) $35 billion
C) $320 billion
D) -$20 billion The government has net saving rather than debt.)

Question

Quizplus · Accepted Answer

The debt increases by $10 billion each year for four years, starting from $25 billion, resulting in $35 billion of debt after year 4.

The Government Begins Year 1 with $25 Billion of Debt