Explain how each of the following events would affect the public debt or implicit liabilities of the

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Explain how each of the following events would affect the public debt or implicit liabilities of the U.S. government, other things equal. Would the public debt or implicit liabilities be greater or smaller?

a. A higher growth rate of real GDP

b. Retirees living longer

c. A decrease in tax revenue

d. Government borrowing to pay interest on its current public debt

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Essentials Of Economics

ISBN: 9781319221317

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Mar 09, 2024 08:00 AM

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Explain how each of the following events would affect the public debt or implicit liabilities of the

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a A higher growth rate of real GDP implies that tax revenue will inc...View the full answer

Essentials Of Economics

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