If the deficit is 0.02 times GDP, the existing debt—GDP ratio is 0.5, and the growth rate of nominal GDP is 0.03, then the change in the debt—GDP ratio is
A) +0.05
B) +0.025.
C) 0.
D) -0.025.
C
You might also like to view...
It is estimated that, on the average and without taking account of skill differentials, union wages are
A) equal to nonunion wages. B) less than nonunion wages. C) 66 percent higher than nonunion wages. D) 100 percent higher than nonunion wages. E) 30 percent higher than nonunion wages.
Under an emission tax, polluters ________ what price they have to pay to pollute, __________________________ how much pollution will be generated.
A. know; and government knows B. don't know; and government doesn't know C. know; but government doesn't know D. don't know; but government knows
Answer the following statement(s) true (T) or false (F)
1. Sustainable development refers to the management of the earth’s resources to ensure their quality and abundance for future generations. 2. Nobel Laureate Robert Solow argues that sustainable development is a good concept to guide national policy. 3. The shape of the Environmental Kuznets Curve reflects the theory that advanced levels of industrial development are linked to higher levels of pollution. 4. According to the textbook application, the pessimistic view about the shape of the Environmental Kuznets Curve is that, after a critical income level, a country can only maintain its existing pollution level. 5. Agenda 21 and the Rio Declaration are two major documents produced from the Rio Summit in 1992.
Two products are complements if:
A. a decrease in the price of one causes buyers to demand less of the other. B. an increase in the price of one causes buyers to demand more of the other. C. a decrease in the price of one causes buyers to demand more of the other. D. individuals consume the goods together.