If the deficit is 0.1 times GDP, the existing debt—GDP ratio is 0.5, and the growth rate of nominal GDP is 0.04, then the change in the debt—GDP ratio is
A) +0.08
B) +0.075.
C) 0.
D) -0.075.
A
Economics
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Answer the following statement true (T) or false (F)
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What can you learn from the figure below (Figure 13-1 from the text) which depicts the U.S. GNP and its components for the year 2009?
What will be an ideal response?
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Indicate whether the statement is true or false
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