Uruguay is a small country in Latin America. GDP is 100. Debt is 100. Government spending on goods and services is 30. Taxes are 30. Interest payments on the debt are 5. GDP is growing at four percent per year. Using this information, the primary deficit is zero 1 2 3
Uruguay is a small country in Latin America. GDP is 100. Debt is 100. Government spending on goods and services is 30. Taxes are 30. Interest payments on the debt are 5. GDP is growing at four percent per year. Using this information, the primary deficit is zero 1 2 3
Chapter23: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 8SQP
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