Question
Suppose that in 2013, the country national debt is $10,000 and nominal GDP is $100,000. every year the deficit as a percentage of GDP (f)
Suppose that in 2013, the country national debt is $10,000 and nominal GDP is $100,000. every year the deficit as a percentage of GDP (f) is 10% and the nominal GDP growth rate is also 10%. Then in year 2013 the deficit is $.......C.....and in year 2014 debt is$......D............. and GDP in 2014 is $....E......., so debt as a percentage of GDP in 2014 is ...F............%.
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
