Business, 26.07.2019 05:30 talanna394

Suppose that an particular economy has a real gdp of 24.0 trillion in 2004. it grows to 30.0 trillion in 2005. meanwhile, the national debt was 16.0 trillion in 2004. in 2005 the federal government ran a budget deficit of 1.6 trillion, which was totally financed by borrowing. given this set of circumstances the national debt as a percentage of real gdp has a. decreased. b. increased. c. remained constant. d. doubled.

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Suppose that an particular economy has a real gdp of 24.0 trillion in 2004. it grows to 30.0 trillio...

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