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What is the absolute size of its public debt in year

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Reference no: EM132694241

Question - Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4.

Instructions - Enter your answers as whole numbers. For the absolute size of its public debt, enter your answer as a positive number.

a. What is the absolute size of its public debt in year 4?

b. If it's real GDP in year 4 is $104 billion, what is this country's public debt as a percentage of real GDP in year 4?

Reference no: EM132694241

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