Melanie is concerned with the growing national debt in her home country of Germany.Which true statement could you offer to help her form a more complete picture of the situation?
A) Germany's debt-to-GDP ratio far exceeds that of Greece,a country recently at a strong risk of default.
B) The austerity measures imposed on Germany after the global financial crisis have not been as effective as in other European nations.
C) Deficits are a more important measure,as the national debt resets with the beginning of a new fiscal year.
D) As the nation with the highest debt-to-GDP ratio,Germany will be forced to make future budgetary changes.
E) Germany has a debt-to-GDP ratio below that of the United States and many other wealthy,developed nations.
Correct Answer:
Verified
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