Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7. Government debt at the end of 2020 is $907, on which it has to pay an interest rate of 3.1 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.

Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7. Government debt at the end of 2020 is $907, on which it has to pay an interest rate of 3.1 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter17: Stabilizing The National Economy

Section17.2: The Fiscal Policy Approach To Stabilization

Problem 1R

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Question

Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7.
Government debt at the end of 2020 is $907, on which it has to pay an interest rate of 3.1
percent.
Government debt at the end of 2021 is $
Do not enter $ sign. Round to two decimal places if required.

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