jahnavi6322 jahnavi6322

11-01-2024
Business

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Suppose the existing stock of government debt is $100 million. The interest rate is 5 percent. Government expenditures are $50 million. Tax revenue is $40 million. The total deficit is
a) $15 million.
b) $10 million.
c) $5 million.
d) $110 million.

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