Fiscal Policy Discovering Data FRED The accompanying graph plots the relationship between the growth rate of real GDP per capita and the level of gross 7.5 5.0 government debt for five countries from 2008 through 2015. Economic growth is on the y-axis and gross government debt as a 2.5 0.0 percentage of GDP is on the x-axis. -2.5 -5.0 Constant GDP per capita for France (left), General government gross debt for France (bottom), 2008 2017 -7.5 50 60 -3.43941 (left) 83.035 (bottom) Sources: International Monetary Fund, World Bank positive d. Generally, when these countries have gross government debt in excess of 80% of GDP, economic growth is positive negative zero Percent Change from Year Ag

Fiscal Policy Discovering Data FRED The accompanying graph plots the relationship between the growth rate of real GDP per capita and the level of gross 7.5 5.0 government debt for five countries from 2008 through 2015. Economic growth is on the y-axis and gross government debt as a 2.5 0.0 percentage of GDP is on the x-axis. -2.5 -5.0 Constant GDP per capita for France (left), General government gross debt for France (bottom), 2008 2017 -7.5 50 60 -3.43941 (left) 83.035 (bottom) Sources: International Monetary Fund, World Bank positive d. Generally, when these countries have gross government debt in excess of 80% of GDP, economic growth is positive negative zero Percent Change from Year Ag

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Do I have this queshtion right I think its positive. I'm not sure if I'm correct.

Fiscal Policy Discovering Data
FRED
The accompanying graph plots the
relationship between the growth rate of real
GDP per capita and the level of gross
7.5
5.0
government debt for five countries from
2008 through 2015. Economic growth is on
the y-axis and gross government debt as a
2.5
0.0
percentage of GDP is on the x-axis.
-2.5
-5.0
Constant GDP per capita for France (left), General
government gross debt for France (bottom), 2008
2017
-7.5
50
60
-3.43941 (left)
83.035 (bottom)
Sources: International Monetary Fund, World Bank
positive
d. Generally, when these countries have gross government debt in excess of 80% of GDP, economic growth is
positive
negative
zero
Percent Change from Year Ag

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