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The GDPs of two emerging economies {A and B) are - equal, but GDP in country B is less volatile than GDP in country A.
The GDPs of two emerging economies {A and B) are - equal, but GDP in country B is less volatile than GDP in country A. A has borrowed $X to be repaid next year, and B has borrowed $Y to be repaid next year. Assume that A and B have equal probabilities of default on their borrowing. Which of the following I st be CORRECT? O $X is greater than $Y. $X = $Y. $X is less than $Y. $X is significantly greater than $Y
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