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The table below includes information for the government and national accounts of the country of HOYA. In this table, Debt refers to HOYA's national debt,
The table below includes information for the government and national accounts of the country of HOYA. In this table, "Debt" refers to HOYA's national debt, and dollar figures are in billions. Real GDP growth rate Interest rate Nominal GDP growth rate Inflation rate 2% 3% 6% 1% In HOYA, which of the following would imply that the national debt was shrinking, as a percentage of GDP? If the primary deficit was equal to 4% of GDP. If the primary deficit was equal to 4% of the National Debt. If the primary deficit was equal to 1% of GDP. OIf the primary deficit was equal to 2% of the National Debt
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