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Business, 17.12.2021 04:30 PLEASEHELP4528

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 4, and a budget deficit of $2 billion in year 5. a. What is the absolute size of its public debt in year 5? Instructions: Enter your answer as a whole number. For the absolute size of its public debt, enter your answer as a positive number. b. If its real GDP in year 5 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 5? Instructions: Round your answer to 2 decimal places.

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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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