By the start of the 21st century, the developed economies with the largest national debt relative to GDP were

a) US and Spain
b) Italy and Japan
c) France and Germany
d) Australia and New Zealand
e) Norway and Ireland

b) Italy and Japan

Economics

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An increase in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending

A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease

Economics

The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by

a. GNI price deflator. b. Human Development Index ranking. c. purchasing power parity. d. the exchange rate.

Economics