If a budget deficit as a percent of GDP is greater than the growth of real output, the national debt will

a. decrease relative to the size of the economy.
b. decrease in nominal terms.
c. increase in nominal terms but decrease relative to the size of the economy.
d. increase relative to the size of the economy.

D

Economics

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The price level is held constant when moving along the planned expenditures curve

Indicate whether the statement is true or false

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The marginal product of labor is calculated using the formula

A) ?Q/?L. B) Q/L. C) L/Q. D) ?L/?Q.

Economics