Multiple Choice
Assume that the debt-to GDP ratio is 60%, the inflation rate is 2.0% and the total budget deficit is 3% of GDP.What is the inflation-adjusted budget deficit as a percentage of GDP?
A) 2) 4%
B) 1) .8%
C) 1) 5%
D) 1) 2%
E) 1) 0%
Correct Answer:
Verified
Correct Answer:
Verified
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