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Thank you 7. If we're worried about a country's debt, what is a more meaningful number: their national debt or their debt ratio? Why? 9.
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7. If we're worried about a country's debt, what is a more meaningful number: their national debt or their debt ratio? Why? 9. In 2017, the US economy was strong. Our GDP was growing and our unemployment rate was historically low. That same year, congress passed a bill that dramatically reduced taxes. Was that a good idea? 10. Explain what happened to Greece in the wake of the 2008 financial crisis. 11. The US today has a similar debt ratio as Greece in 2008. Are we at risk of hitting our credit limit? Reference Japan as part of yourStep by Step Solution
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