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(Solved): Suppose the government starts with a debt of $90. Then in year 1, there is a deficit
of $100 billion ...
Suppose the government starts with a debt of $90. Then in year 1, there is a deficit
of $100 billion, in year 2 there is a deficit of $60 billion, in year 3 there is a surplus of
$40 billion, and in year 4 there is a deficit of $20 billion. Calculate government debt
at the end of year 4?