In June of 2010,the Government Had a Debt of About

question 22

Multiple Choice

In June of 2010,the government had a debt of about $8.6 trillion.Over the next year real GDP grew by about 1.6% and inflation was about 2%.What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?

• A)about $68.8 billion
• B)about $137.6 billion
• C)about $275.2 billion
• D)about $309.6 billion

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