Multiple Choice
A country is likely to be faced with a debt crisis when
A) its debt-to-GDP ratio goes above 60 percent
B) its debt-to-GDP ratio goes above 100 percent
C) the interest rate on its debt reaches double digits
D) its creditors believe that there is little chance that they will be paid back
E) its government fails to implement austerity measures in times of high deficits
Correct Answer:
Verified
Correct Answer:
Verified
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