Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 15, Problem 3AP
a
To determine
To write: The equation for change in debt-
b)
To determine
Equation for change in debt-GDP ratio.
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- Is it possible for a nation to run budget deficits and still have its debt GDP ratio fall? Explain your answer. Is it possible for a nation to run budget surpluses and still have its debt GDP ratio rise? Explain your answer.arrow_forwardIs it possible for a nation to run budget deficits and still have its debt/GDP ratio fall? Explain your answer. Is it possible for a nation to run budget surpluses and still have its debt/GDP ratio rise? Explain your answer.arrow_forwardA government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of 400 million. In year two, the government runs a deficit of 1 billion. In year three, the government runs a surplus of 200 million. What is the total debt of the government at the end of year three?arrow_forward
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