Consider the government debt at the beginning of the year 2010 equals $2 000, the annual interest rate on the government debt – 8%.

/in /by

Consider the government debt at the beginning of the year 2010 equals $2 000, the annual interest rate on the government debt – 8%. Government expenditures over the current year 2010 equal $1 500, government transfers – 20% of output. Government income is 40% of output.

Calculate the government debt burden (government debt to total output) at the end of the current year 2010 if the output equals $5 000.

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.


Order a Similar Paper Order a Different Paper