As long as debt grows by the same percentage as nominal GDP, the debt-to-GDP ratio will stay constant but the interest payments-to-GDP ratio will increase
a. True
b. False
B
Economics
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With a flexible exchange-rate system, what determines the exchange rate between two countries?
(A) Supply and demand. (B) The day-to-day changes in one currency. (C) Inflation and interest rates. (D) The value of gold.
Economics
It has been generally observed that most trade in the world occurs between a developed and a less-developed nation rather than between industrial or developed nations
a. True b. False Indicate whether the statement is true or false
Economics