According to the recent report the debt of the Philippines reach about 11.6 Trillion Pesos. If by the end of the present administration it could reach to 12 Trillion Pesos. In the upcoming 2022 elections. The Presidential candidates have the different plans and proposals on how the government will pay its debt. If the next administration will manage to reduce or decrease the debt of the country in the next six years, which the debt of the country is constantly compounded annually by 7.5%. Question 1: How much is the total debt of the country at the end of 6 years of the next administration?

According to the recent report the debt of the Philippines reach about 11.6 Trillion Pesos. If by the end of the present administration it could reach to 12 Trillion Pesos. In the upcoming 2022 elections. The Presidential candidates have the different plans and proposals on how the government will pay its debt. If the next administration will manage to reduce or decrease the debt of the country in the next six years, which the debt of the country is constantly compounded annually by 7.5%. Question 1: How much is the total debt of the country at the end of 6 years of the next administration?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 1DQ

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