In June of 2010,the government had a debt of about $8.6 trillion.Over the next year real GDP grew by about 1.6% and inflation was about 2%.What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?
A) about $68.8 billion
B) about $137.6 billion
C) about $275.2 billion
D) about $309.6 billion
Correct Answer:
Verified
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