Multiple Choice
The accompanying table gives budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. If year 1 is the ?rst year of this nation's existence and
Year 4 is the present year, the public debt as a percentage of GDP in year 4 is
A) 7.5 percent.
B) 1.39 percent.
C) 2.5 percent.
D) 3.9 percent.
Correct Answer:

Verified
Correct Answer:
Verified
Q257: <span class="ql-formula" data-value="\begin{array} { | c |
Q258: Which of the following is considered a
Q259: Contractionary fiscal policy is so named because
Q261: The economic burden of World War II
Q263: The actual budget deficit of the federal
Q264: <span class="ql-formula" data-value="\begin{array} { | c |
Q265: Differentiate between a budget deficit and the
Q266: Suppose that the economy is in the
Q267: List the five problems, criticisms, or complications
Q278: The public debt is the accumulation of