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A Government Begins the Year with a Debt of $50

Question 11

Multiple Choice

A government begins the year with a debt of $50 billion, collects $10 billion in tax revenues and spends $4 billion. Debt at the end of the year is

A) $50 billion.
B) $46 billion.
C) $64 billion.
D) $44 billion.
E) $36 billion.

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