In 2013,the government of Debtland purchased $2 billion of goods and services,transferred $20 billion to provinces and social accounts,and collected $18 billion in tax revenues.GDP is $700 billion,and government bonds outstanding in the previous year were $100 billion.Given the 2 percent economic growth and 1 percent interest on government bonds,how much of the debt-GDP ratio is expected to change in 2014?

Question

Quizplus · Accepted Answer

The Answer of In 2013,the government of Debtland purchased $2 billion of goods and services,transferred $20 billion to provinces and social accounts,and collected $18 billion in tax revenues.GDP is $700 billion,and government bonds outstanding in the previous year were $100 billion.Given the 2 percent economic growth and 1 percent interest on government bonds,how much of the debt-GDP ratio is expected to change in 2014?

In 2013,the Government of Debtland Purchased $2 Billion of Goods