Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in 2017?
A. 0.5 percent
B. 8.0 percent
C. 3.6 percent
D. 2.0 percent
Answer: A
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The school of economic thought that emphasized the importance of incentives to encourage savings, investment, and productivity is known as ________ economics.
Fill in the blank(s) with the appropriate word(s).
One method firms can use to solve the duopolists' dilemma is to engage in:
A. predatory pricing. B. tying contracting. C. marginal cost pricing. D. low-price guarantees.
Expected value is:
A. the average of each possible outcome of a future event, weighted by its probability of occurring. B. the average probability of all possible outcomes of a future event occurring, weighted by each possible outcome individually. C. the sum of all probabilities of all possible outcomes of a future event occurring. D. None of these statements is true.
To track the interest on the public debt over time and compare it to the productive capacity of the economy, it is best:
A. measured relative to the GDP. B. measured relative to the Consumer Price Index. C. compared to consumer spending. D. examined relative to budget deficits.