(the previous answer i was given by chegg was 410 and it is wrong) Budget Defici

Question

(the previous answer i was given by chegg was 410 and it is wrong)

Budget Deficit (-) Budget Surplus (+) SBillion 100 150 50 120 -80 60 30 40 Descriplion Year 2011 012 013 2014 2015 2016 201/ 2018 t issued bonds to finance the deficit Government issued bonds to finance the deficit Government used the suplus to buy back soe of the bonds it had issued in 2011 and 2012 Guverrmen issued bonds lo finance lhe deficil Government printed moncy to finance the deficit Government used the suplus to buy back some of the bonds it had issued in previous years Government issued bonds to finance the deficit Government issued bonds to finance the deficit

Explanation / Answer

Debt outstanding is,

Total money taken from public = 100 + 150 + 120 + 30 + 40 = 440

Money printed in the year 2015 to finance the deficit will not come under debt.

Money repaid = 50 + 60 = 110

Total debt = 440 - 110 =330

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