How would each of the given events affect the national debt

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Reference no: EM131500183

Question: How would each of the following events affect the national debt as it is currently measured?

a. The government borrows to finance a Memorial Day parade.

b. The Statue of Liberty is sold to a group of private entrepreneurs.

c. A law is passed promising free medical care to every child under 5 years of age.

d. The government levies a tax of $100 on Lynne this year, and promises to pay her $105 next year.

e. The government borrows $100 from Lynne this year, and pays back the $100 with 5 per-cent interest next year. If you were designing an accounting system for the government, how would you treat each of these items?

Reference no: EM131500183

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