A government began the year with $10 trillion of public debt. During the year, it collected taxes of $8 trillion and spent $10 t rillion on transfers and government purchases of goods and services. The public debt at the end of the year was $_____ trillion.
2 answers:
Answer:
12
Step-by-step explanation:
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.
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