If the government of a country owes $3,500 billion to the International Monetary Fund and then borrows $300 billion more this year, it implies that the:
a. national debt is $300 billion and fiscal deficit is $3.8 trillion.
b. national debt is $3,800 billion and fiscal deficit is $300 billion.
c. national debt is $4,100 billion
d. fiscal deficit is $3,800 billion.
e. national debt and fiscal deficit both equal $3.8 trillion.
b
You might also like to view...
Even when transactions are facilitated with money, imports are paid for by exports
Indicate whether the statement is true or false
An appreciation of the Mexican peso relative to the U.S. dollar would ________ Mexican firms that are exporting goods to the United States and would ________ Mexican firms that have borrowed in U.S. dollars
A) help; help B) help; hurt C) hurt; help D) hurt; hurt
The lemons problem is associated with ________ and results in a market for items with only ________ characteristics.
A) adverse selection; desirable B) moral hazard; undesirable C) adverse selection; undesirable D) moral hazard; desirable
Billie Jo values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425 . Billie Jo's willingness to pay for the dishwasher is
a. $150. b. $425. c. $500. d. $850.