Consider two economies,A and B.Economy A has a stock of government debt equal to $800 billion,while Economy B has a stock of government debt equal to $22 billion.In order to determine the economic importance of these government debt loads in the respective economies,it is necessary to know ________ for each economy.

Question

Quizplus · Accepted Answer

The economic importance of government debt load must be determined in relation to the size of the economy. This is indicated by the GDP (Gross Domestic Product) of the respective economies. Therefore, the GDP is the information needed to determine the economic importance of the government debt loads in each economy.

Consider Two Economies,A and B