Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A country's GDP grew by 5% and its budget deficit is 2% of GDP. What happened to its debt-to-GDP ratio? O A. its debt-to-GDP ratio

image text in transcribed
image text in transcribed
A country's GDP grew by 5% and its budget deficit is 2% of GDP. What happened to its debt-to-GDP ratio? O A. its debt-to-GDP ratio increased O B. its debt-to-GDP ratio decreased C. its debt-to-GDP ratio didn't change O D. there is no sufficient information to answer the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

Students also viewed these Economics questions