Question

A government began the year with $10 trillion of public debt. During the year, it collected taxes of $8 trillion and spent $10 trillion on transfers and government purchases of goods and services. The public debt at the end of the year was $_____ trillion.

Answer 1

Answer: 12 trillion dollars

Step-by-step explanation: The government started with 10 trillion than collected 8 trillion in taxes, reducing their debt to 2 trillion dollars. Then the government spent 10 trillion dollars and now their debt is 12 trillion dollars.

Answer 2

Answer:

12

Step-by-step explanation: