Which of the following statements is false?
A) Other things remaining the same, higher is the deficit, higher the debt-GDP ratio.
B) Other things remaining the same, lower is the GDP, higher the debt-GDP ratio.
C) Other things remaining the same, higher the deficit and higher the GDP, higher is the debt-GDP ratio.
D) Other things remaining the same, higher the interest rate, higher is the debt-servicing costs.
Correct Answer:
Verified
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