x
Info
x
Warning
x
Danger
 / 
 / 
 / 
Suppose a country has a national debt of $5,000 billion,

Question : Suppose a country has a national debt of $5,000 billion, : 5008

Suppose a country has a national debt of $5,000 billion, a GDP of $10,000 billion, and a budget deficit of $100 billion.

1.)How much will its new national debt be? Compute its debt-GDP ratio.

2.)Suppose its GDP grows by 1% in the next year and the budget deficit is again $100 billion.

3.)Compute its new level of national debt and its new debt-GDP ratio.

Solution
5 (1 Ratings )

Solved
Economics 1 Year Ago 117 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
119003 Economics Questions Answered!
Post a Question