
Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817
Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 8
By way of international comparison, recent U.S. deficits have increased the ratio of debt to GDP
A) such that the United States has the highest ratio in the industrialized world.
B) but every other industrialized nation's ratio is much worse.
C) but the United States ratio is still lower than that of Germany, Canada, and Japan.
D) such that only Japan's ratio is worse.
A) such that the United States has the highest ratio in the industrialized world.
B) but every other industrialized nation's ratio is much worse.
C) but the United States ratio is still lower than that of Germany, Canada, and Japan.
D) such that only Japan's ratio is worse.
Explanation
This indicates that national debt is the...
Issues in Economics Today 7th Edition by Robert Guell
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