Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced Question: Determine the value of the government debt for the period 2018–2022.

Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced Question: Determine the value of the government debt for the period 2018–2022.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 1SCQ: When governments run budget deficits, how do they make up the differences between tax revenue and...

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Question

Year	^SGovernment (billions)	Status of government budget
2018	$200	Surplus
2019	-800	Deficit
2020	-400	Deficit
2021	700	Surplus
2022	0	Balanced

Question: Determine the value of the government debt for the period 2018–2022.

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