Question

The accompanying table gives budget information for a hypothetical economy. assume that all budget surpluses are used to pay down the public debt. the budget deficit in year 3 is

Answer 1

The table gives budget information for a hypothetical economy. All of the budget surpluses are used to pay down the public debt. The budget deficit in year 3 is 600, 500, and 4000 US dollars. Hypothetical economy is similar to a hypothesis.