Are either of the following countries violating the basic debt guideline as presented in the chapter? Country

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Are either of the following countries violating the basic debt guideline as presented in the chapter?

Country A (Figures in Billions of $) GDP Debt 1999 100 2000 2 110 2001 3 150 Country B (Figures in Billions of $) GDP De

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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Question Posted: Jun 09, 2018 08:31 AM

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Are either of the following countries violating the basic debt guideline as presented in the chapter? Country

Question:

Country A (Figures in Billions of $) GDP Debt 1999 100 2000 2 110 2001 3 150 Country B (Figures in Billions of $) GDP Debt 1999 1,236 1,346 1,406 1,400 1,550 1,707 2000 2001

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Country A is in trouble Between 1999 and 2000 the debt grew by 100 but ...View the full answer

Macroeconomics Principles and Applications

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