Previous Page Next Page Question 39 (1.25 points) Suppose that Canada's budget deficit is going up at a rate of 2 percent per year and at the same time nominal GDP is growing by 5 percent per year. Which of the following statements best describes the debt and the burden on future generations created by these ongoing deficits? the debt is not sustainable, but the burden on future generations cannot be offset the debt is not sustainable, and the future burden on future generations can be offset if we save for them the debt is sustainable, and the future burden on future generations can be offset if we save for them the debt is sustainable, but the burden on future generations cannot be offset Previous Page Next Page Page 39 of 49