Question
Q4: If a $6 billion economy is growing at a real rate of 5 percent a year and there is no inflation, what must the
Q4: If a $6 billion economy is growing at a real rate of 5 percent a year and there is no inflation, what must the government do to maintain a constant debt-to-GDP ratio?
a)Run a surplus of $300 million
b)Balance the budget
c)Run a deficit of $300 million
d)Run a deficit of $600 million
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
