If the Nominal Deficit Is $100 Billion, Inflation Is 10

question 9

Multiple Choice

If the nominal deficit is $100 billion, inflation is 10 percent, and total debt is $2 trillion, then the real deficit is:

• A)−$20 billion (a surplus).
• B)−$100 billion (a surplus).
• C)$20 billion.
• D)$100 billion.

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