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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 3
In this problem we will verify equation (3):
a. Go to www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm and retrieve data for the U.S. debt from 1950-2012.
b. Go to http://research.stlouisfed.org/fred2 and click on "Categories," under "National Income Product Accounts" select "GDP/GNP." Find and download data for annual GDP.
c. Calculate the debt-to-GDP ratio (you will need to convert U.S. debt units into billions of dollars).
d. Calculate the percent change in the debt-to-GDP ratio directly using the formula
e. Now calculate the percent change in the debt-to-GDP ratio using equation (3).
f. What is the average difference in the
calculated through these two methods Do they seem equivalent
a. Go to www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm and retrieve data for the U.S. debt from 1950-2012.
b. Go to http://research.stlouisfed.org/fred2 and click on "Categories," under "National Income Product Accounts" select "GDP/GNP." Find and download data for annual GDP.
c. Calculate the debt-to-GDP ratio (you will need to convert U.S. debt units into billions of dollars).
d. Calculate the percent change in the debt-to-GDP ratio directly using the formula
e. Now calculate the percent change in the debt-to-GDP ratio using equation (3).
f. What is the average difference in the
calculated through these two methods Do they seem equivalentExplanation
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Verified
Gross Domestic Product ( GDP ): refers t...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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