To compare the net public debt of various countries, the debt has to be compared to
A) the country's real GDP. B) the country's current budget deficit or surplus.
C) the country's trade deficit. D) the country's national defense expenditure.
A
You might also like to view...
In comparing the traditional way of structuring mortgages and the newer structure of providing mortgages that securitized them and insured those securities with credit-default swaps, it is clear that the ________ structure increased homeownership rates and that the ________ structure was riskier to the health of the overall economy.
A. newer; traditional B. traditional; traditional C. traditional; newer D. newer; newer
Graphically, the presence of an external cost that is ignored by producers can be shown as
A. a market supply curve the same as the market supply curve for which the producers have to pay for the external cost. B. a market supply curve to the right of the market supply curve for which the producers have to pay for the external cost. C. a market supply curve to the left of the market supply curve for where the producers have to pay for the external cost. D. the absence of a market supply curve.