question archive Suppose that a country has no public debt in year 1, and experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4

Suppose that a country has no public debt in year 1, and experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4

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Suppose that a country has no public debt in year 1, and experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. Enter your answers as whole numbers. For the absolute size of its public debt, enter your answer as a positive number. What is the absolute size of its public debt in year 4?

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