The national debt in Econland was $1400. The following year $800 in tax revenue is collected and the government spends $900. What is the new level of the national debt in Econland?
The national debt in Econland was $1400. The following year $800 in tax revenue is collected and the government spends $900. What is the new level of the national debt in Econland?
Chapter13: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 3SQP
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The national debt in Econland was $1400. The following year $800 in tax revenue is collected and the government spends $900. What is the new level of the national debt in Econland?
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