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Question 1

Suppose that the amount of taxes in the US is equal to $1400.

Suppose that the government expenditures is equal to $1100.

In addition, you know that the current level of debt in the US is equal to $280000 (all numbers in billions of domestic currency).

Given this data, what is the new level of the US's debt?

$

279700

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity