Total debt of the government at the end of year 3

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A government starts off with a total debt of $4 billion. In year 1, the government runs a deficit of $600 million. In year 2, the government runs a deficit of $1.2 billion. In year 3, the government runs a surplus of $400 million. What is the total debt of the government at the end of year 3?

Reference no: EM132415135

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