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Business, 16.12.2021 04:50 kdcloyd3362

The government deficit for 2020 is $200 million and there is a $500 million national debt. If the interest paid on the debt is 10%, how much of a budget surplus will the government need to acquire for 2021 to prevent an increase in debt?
es )
A)
The government will have to cut taxes or cut spending by $30 million.
B)
The government will have to increase taxes or cut spending by $70 million.
C)
The government will have to cut taxes or increase spending by $70 million.
D)
The government will have to cut taxes or increase spending by $50 million.

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