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Absolute size of public debt at the end

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Reference no: EM132021429

Suppose there is no public debt in year 1 but experiences a budget deficit of $60 billion in year 2, a budget surplus of $10 billion in year 3, a budget surplus of $15 billion in year 4, and a budget deficit of $5 billion in year 5.

The absolute size of public debt at the end of year 5 is ___$ billion.

If real GDP in year 5 is $276 billion, the absolute size of public debt is_____% of real GDP in year 5.

Reference no: EM132021429

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