In this two-part question we explore some implication of a possible increase in the interest rate paid on government debt. Part 1 (5 points) Suppose that a country initially has a value of debt/GDP of one. Suppose that deficit/GDP is equal to 0.1. Suppose that before the increase in interest rate, the debt/GDP for the following year was forecasted at 1.15. If the interest rate grows from 4% to 5% how will the forecast be updated? What is the forecasted growth rate for the economy