Answered

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Suppose in 2024 the U.S. federal government collects $4,000 billion in tax revenues and spends $5,000 billion, and real GDP in 2024 is $22,000 billion. If the total debt of the U.S. federal government was $20 billion at the beginning of 2024, and the government does not pay off any of its debt in 2024, what will be the debt to GDP ratio at the end of 2024? 95.5% O 22.7% 90.9% O 18.2%

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