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