Multiple Choice
Suppose the budget deficit is rising 2 percent per year and nominal GDP is rising 7 percent per year.Which of the following best describes the debt created by these continuing deficits?
A) sustainable,but the future burden on your children cannot be offset
B) not sustainable,and the future burden on your children cannot be offset
C) not sustainable,but the future burden on your children can be offset if you save for them
D) sustainable,and the future burden on your children can be offset if you save for them
Correct Answer:
Verified
Correct Answer:
Verified
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