Solved

Suppose the Country of Piedmont Borrows Money to Start a Brand-New

Question 56

Multiple Choice

Suppose the country of Piedmont borrows money to start a brand-new infrastructure program. GDP is currently $400 billion. The plan will take the public debt from $250 billion to $350 billion in ten years, when GDP is projected to be $425 billion. What is the projected debt in ten years as a percentage of GDP?


A) 59 percent
B) 62.5 percent
C) 70 percent
D) 82.4 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q51: Discretionary fiscal policy:<br>A) can magnify the automatic

Q52: Fiscal policy that the government chooses to

Q53: _ are protected against inflation.<br>A) Treasury bonds<br>B)

Q54: Discretionary fiscal policy is:<br>A) that which the

Q55: The longest-term securities sold by the United

Q57: If the government increases payments to dairy

Q58: The graph shown displays various economic outcomes.

Q59: The shortest-term securities sold by the U.S.

Q60: The graph shown displays various economic outcomes.

Q61: The consequence of expansionary fiscal policy is:<br>A)