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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. Instructions: Enter your answers as a whole number. For the absolute size of the public debt, enter your answer as a positive number. a. What is the absolute size of its public debt in year 4

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The absolute size of its public debt in year 4 is 32 billion.

What is the size of public debt?

A public debt is created when the government borrows to carry out its activities. The size of public debt increases when there is a deficit and it decrease when there is surplus.

Size of the public debt  = $-40 billion + 10 billion - 2billlion = -32 billion

To learn more about public debt, please check: https://brainly.com/question/9383369