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) $0
B) $25 billion
C) $240 billion
D) Not enough information is provided to answer the question.

Question

Quizplus · Accepted Answer

The government begins year 1 with $25 billion of debt. The table shows that the government's debt increases by $215 billion in year 1. Therefore, the amount of debt following year 1 is $25 billion + $215 billion = $240 billion.

The Government Begins Year 1 with $25 Billion of Debt