Table 153
Cordelia Saldinia The Above Table Contains Data for the Nations of Cordelia

Multiple Choice

Table 15.3
Cordelia Saldinia
$$\begin{array} { | l | r | r | } \hline \text { Debt-to-cDP ratio } & 172 \% & 65 \% \\\hline \text { Average annual ecanmaic growth } & & \\\text { unt } & 4.7 \% & 3.2 \% \\\hline \text { Average influtim rate } & 6.3 \% & - 0.3 \% \\\hline \text { Average nominal interest rate } & 2.5 \% & 4.6 \% \\\hline\end{array}$$
The above table contains data for the nations of Cordelia and Saldinia for 2012. Assume seigniorage is zero.
-Refer to Table 15.3.Based on the data in the table,the primary budget deficit necessary to make fiscal policy sustainable in Cordelia is ________ of GDP.

A) -1.5%
B) 0%
C) 1.5%
D) 14.6%