Absolute and relative sizes of the public debt
How do economists distinguish among the absolute & relative sizes of the public debt?
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There are two method of measuring the public debt: (a) measure its absolute dollar size; (b) measure its relative size like a percentage of GDP.
It is now January 1. You plan to make a total of 5 deposits of $600 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 14% but uses semiannual compounding. You plan to leave the money in the bank for 10 years. How much will be in your account
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Section 1.80: The section of Budget Act which comprises the periods of accessibility for Budget Act appropriations.
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Minor Capital Outlay: The construction projects or tools needed to finish a construction project, estimated to cost less than $600,000 bonus any escalation per Public Contract Code 10108.
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