A constant debt-to-GDP ratio in a growing economy is consistent with a:
A. continual surplus.
B. falling level of total debt.
C. balanced budget.
D. continual deficit.
Answer: D
Economics
You might also like to view...
Assuming the price level has not changed, how would an increase in the aggregate demand affect real GDP?
A) It only changes with changes in exports. B) It increases. C) It only changes with changes in imports. D) It decreases.
Economics
Explain the Condorcet paradox. To which type of voting system does it apply?
Economics
As real GDP falls,
a. money demand rises, so the interest rate rises. b. money demand rises, so the interest rate falls c. money demand falls, so the interest rate rises. d. money demand falls, so the interest rate falls.
Economics
The largest component of the U.S. GDP is:
A. NX B. C C. I D. G
Economics