EBK MACROECONOMICS
EBK MACROECONOMICS
5th Edition
ISBN: 8220106773925
Author: KRUGMAN
Publisher: MAC HIGHER
Question
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Chapter 13, Problem 13P
To determine

  • Country which has the highest and the lowest Government debt as a percentage of GDP
  • Percentage change in Government debt from 2007 and 2015
  • Relation between Economic growth and government debt.

Concept Introduction:

Government debt: It is the amount of money government borrows to meet its planned expenditure.

Government debt to GDP: It is the ratio which shows government capacity to repay its debt.

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