In Japan the ratio of government debt to real GDP is 220%,while in Greece it is 143%.Despite this,Greece is viewed as on an unsustainable course,while Japan is not.What could explain this?
A) The political system is more corrupt in Japan.
B) Legislators are more efficient in Japan than in Greece at issuing new debt.
C) The prospects for economic growth in Japan are much better than in Greece.
D) The real interest rate is much higher in Japan than in Greece.
E) Japan's proximity to China.
Correct Answer:
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