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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 6
In this problem we compare debt and the debt-to-GDP ratio.
a. Using the data from the previous question, graph debt (in billions of dollars) and GDP over the period 1950-2012. b. Now create a separate graph showing the debt-to-GDP ratio over this same period.
c. Comment on the differences between these two graphs. Why is it advantageous to look at debt as a ratio rather than in levels
a. Using the data from the previous question, graph debt (in billions of dollars) and GDP over the period 1950-2012. b. Now create a separate graph showing the debt-to-GDP ratio over this same period.
c. Comment on the differences between these two graphs. Why is it advantageous to look at debt as a ratio rather than in levels
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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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