What is the absolute size of it public debt

Reference no: EM13182921

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 3, and a budget deficit of $2 billion in year 4.

What is the absolute size of it public debt in year 4? ______billion

If its Real GDP in year 4 is $104 billion, what is the country's public debt as a percentage of Real GDP in year 4? ______percent

Reference no: EM13182921

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