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    Macroeconomics
  4. Exam
    Exam 12: Spending Others Money: Fiscal Policy, Deficits, and National Debt
  5. Question
    An Economy Has a Debt of $20 Billion at the Beginning
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An Economy Has a Debt of $20 Billion at the Beginning

Question 46

Question 46

True/False

An economy has a debt of $20 billion at the beginning of the year. Government spending is $10 billion, and the budget surplus is $5 billion. At the end of the year, the debt is $15 billion.

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