Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When examining a country's Debt-to-GDP ratio, one must remember A. that debt is the stock variable, while GDP is the flow variable. B. the federal

When examining a country's "Debt-to-GDP" ratio, one must remember A. that debt is the stock variable, while GDP is the flow variable. B. the federal government is required to keep this ratio less than 1, so debt can only rise if GDP rises. C. that debt is the flow variable, while GDP is the stock variable. D. Since debt is a stock variable, and GDP is a flow variable, this number is always greater than 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Paul A. Samuelson, William Nordhaus

19th edition

978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129

More Books

Students also viewed these Economics questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 1 week ago