Entrepreneurs are usually found in smaller firms

Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?

A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.

James used $200,00 . from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000 . An Economist calculated his profit to be:

a. $300,000 b. $100,000 c. $80,000 d. $20,000