Solved

If the Economy Is Growing 5% a Year and GDP

Question 34

Multiple Choice

If the economy is growing 5% a year and GDP is $1000 billion, the additional revenues available to meet interest payments on the government deficit would be, ceteris paribus,


A) 50.
B) 500.
C) it depends upon the amount of new debt issued.
D) there would be no additional revenues.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents