Multiple Choice
Suppose that at the start of fiscal year 2015 the government had a debt of $6060 billion.Suppose that during the same fiscal year,real GDP grew by about 3 percent and inflation was about 2 percent.What is the largest deficit the government could have run without raising the debt-to-GDP ratio?
A) about $122 billion
B) about $184 billion
C) about $243 billion
D) about $303 billion
Correct Answer:
Verified
Correct Answer:
Verified
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