By way of international comparison, recent U.S. deficits have increased the ratio of debt to GDP a.

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By way of international comparison, recent U.S. deficits have increased the ratio of debt to GDP

a. Such that the United States has the highest ratio in the industrialized world.

b. But every other industrialized nation’s ratio is much worse.

c. But the U.S. ratio is still lower than that of Germany, Canada and Japan.

d. Such that only Japan’s ratio is worse.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 12:55 AM

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By way of international comparison, recent U.S. deficits have increased the ratio of debt to GDP a.

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c But the US ratio is still lower than that of Germany Canada and Japan Explanation The ...View the full answer

Issues in Economics Today

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