Which of the following is TRUE?
A) the average nominal interest rate on the debt was higher in 1980 than in 2010
B) the real interest rate was higher in 1980 than in 2010
C) real interest payments as a percentage of government spending were higher in 1980 than in 2010
D) nominal interest payments as a percentage of government spending were lower in 1980 than in 2010
E) none of the above
Correct Answer:
Verified
Q24: If we compare spending as a percentage
Q25: Even though the national debt is rising,
Q26: Interest payments on the U.S.national debt as
Q27: If we compare the debt-to-GDP ratios of
Q28: What contributed to the recent debt crises
Q30: In 2013, the debt-to-GDP ratio in the
Q31: Which of the following is FALSE?
A)the estimated
Q32: Which of the following happened in response
Q33: The primary deficit is equal to
A)the total
Q34: An increase in the national debt creates
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