Answer:
$32 billion
Explanation:
Data provided in the question:
Year Budget deficit
1 0
2 $40 billion
3 -$10 billion [negative sign depicts surplus]
4 $2 billion
Now,
The absolute size of its public debt in year 4
= $40 billion - $10 billion + $2 billion
= $32 billion
Hence,
The absolute size of its public debt in year 4 is $32 billion
Answer:
TRUE
Explanation:
A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market