Many people are less concerned with the absolute size of the government debt than they are about
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(a) Should people who hold this view worry about the solvency of the government?
(b) Explain the conditions under which it is possible for the debt-GDP ratio to be a constant.
(c) Don’t people who hold the view that has just been described have to worry about the future solvency of the government? Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...
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