Business, 18.04.2021 01:20 Whitehouse9

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit of $30 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 its public debt in year 4?
If its real GDP in year 4 is $104 billion, what is this country?

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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion...

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