If the deficit is always 3% of GDP, and nominal GDP grows 5% per year, eventually debt

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If the deficit is always 3% of GDP, and nominal GDP grows 5% per year, eventually debt will be __% of GDP.

Which formula did you use? Explain each letter (i.e., variable) in the formula.

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Public Finance

ISBN: 9780073375748

1st Edition

Authors: Laurence S. Seidman

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