Multiple Choice
Which of the following can explain the Canada's unprecedented high debt-GDP ratio between 1975 and 1995?
A) Canada experienced a combination of low interest rate payable on government debt and a high economic growth.
B) Canada experienced a combination of high interest rate payable on government debt and a slow economic growth.
C) Canada experienced a combination of low interest rate payable on government debt and a slow economic growth.
D) Canada experienced a combination of high interest rate payable on government debt and a high economic growth.
Correct Answer:
Verified
Correct Answer:
Verified
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