Question
If a government runs a primary surplus and the nominal GDP growth rate exceeds the nominal interest rate on its debt, then A. the public
If a government runs a primary surplus and the nominal GDP growth rate exceeds the nominal interest rate on its debt, then A. the public debt/GDP ratio is rising
B. the public debt/GDP ratio is steady
C. the public debt/GDP ratio is falling
D. there is insufficient information to predict the change of the public debt/GDP ratio
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
