If the deficit is 0.08 times GDP, the existing debtGDP ratio is 0.8, and the growth rate

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If the deficit is 0.08 times GDP, the existing debt—GDP ratio is 0.8, and the growth rate of nominal GDP is 0.05, then the change in the debt—GDP ratio is.....

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Jan 05, 2021 12:50 AM

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If the deficit is 0.08 times GDP, the existing debtGDP ratio is 0.8, and the growth rate

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Let G be the nominal GDP be G Given Deficit is 008 times of GDP th... View the full answer

Modern Principles of Economics

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