Question: Are the following 3 scenarios true or false?October 5, 2020
Identify the broad market structure of bottled water in the U.S Identify the narrow market structure of bottled water in the U.October 5, 2020
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5.
a. What is the absolute size of its public debt in year 5?
b. If its real GDP in year 5 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 5?
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