Multiple Choice
Suppose you are the president of a large bank.In which situation would you be most reluctant to loan money to a country?
A) Its nominal debt is $10 trillion.
B) Its nominal debt is 1 percent of nominal GDP.
C) Its nominal deficit is $150 billion.
D) Its real deficit is 100 percent of real GDP.
E) Its real debt is 1 percent of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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