Suppose you are the president of a large bank.In which situation would you be most reluctant to loan money to a country?
A) Its nominal debt is $10 trillion.
B) Its nominal debt is 1 percent of nominal GDP.
C) Its nominal deficit is $150 billion.
D) Its real deficit is 100 percent of real GDP.
E) Its real debt is 1 percent of real GDP.
Correct Answer:
Verified
Q21: The large U.S.government budget deficits in the
Q22: The U.S.government has tended to keep its
Q23: The national debt
A) exists because of past
Q24: In the long run,
A) continuing budget surpluses
Q25: In an expansion,tax payments tend to increase
Q27: The national debt
A) can be paid off
Q28: Government debt and interest payments on that
Q29: In the long run,
A) large government budget
Q30: When the U.S.government runs a deficit,it usually
Q31: In the long run,
A) higher consumption spending
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents