A. What was the average increase in debt for Nation XYZ between the years 2005 and 2015 B. What was the average annual budget deficit for Nation XYZ between the years 2005 and 2015 C. Compute the debt-to-GDP ration to Nation XYZ for both 2005 and 2015

A. What was the average increase in debt for Nation XYZ between the years 2005 and 2015 B. What was the average annual budget deficit for Nation XYZ between the years 2005 and 2015 C. Compute the debt-to-GDP ration to Nation XYZ for both 2005 and 2015

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 4.9P

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Question

3. Assume the following information for Nation XYZ:
* National debt in 2005 was $150... in 2015 national debt
was $375
GDP in 1990 was $125... in 2000 the GDP was $300
A. What was the average increase in debt for Nation XYZ
between the years 2005 and 2015
B. What was the average annual budget deficit for Nation
XYZ between the years 2005 and 2015
C. Compute the debt-to-GDP ration to Nation XYZ for both
2005 and 2015

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