Solved: A government starts off with a total debt of $3.5 billion. In year one, the
Chapter 30, Problem 51(choose chapter or problem)
A government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of $400 million. In year two, the government runs a deficit of $1 billion. In year three, the government runs a surplus of $200 million. What is the total debt of the government at the end of year three?
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