29. Let the rate of inflation = 10% per year. What is the end-of-year value if we begin the year with 10$? What is the e
Posted: Thu May 05, 2022 6:50 am
29. Let the rate of inflation = 10% per year. What is the end-of-year value if we begin the year with 10$? What is the end-of-year debt if we begin the year with 1$ Trillion? Show your work! 30. What is the formula for the real deficit? Calculate the real deficit in year 1 if the nominal deficit is 150$ Billion, the tax rate is 2%, and the total debt is 900$ Billion. Show your work!