Multiple Choice
Which of the following is TRUE?
A) the average nominal interest rate on the debt was higher in 1980 than in 2010
B) the real interest rate was higher in 1980 than in 2010
C) real interest payments as a percentage of government spending were higher in 1980 than in 2010
D) nominal interest payments as a percentage of government spending were lower in 1980 than in 2010
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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