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A country has a rate of growth ( g ) of 1.50%, adebt-to-income ratio of 93% and a primary deficit of 0.9% of output. In
A country has a rate of growth (g) of 1.50%, adebt-to-income ratio of 93% and a primary deficit of 0.9% of output. In response to a stimuluspackage, thedebt-to-income ratio rises to 103% which causes an increase in the interest rate from 2.7% to 7.7%. The impact to the change in the debt ratio over time is
nothing
%. (Enter your response rounded to two decimalplaces.)
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