Are either of the following countries violating the basic debt guideline as presented in the chapter? Country
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Country A (Figures in Billions of $) GDP Debt 1999 100 2000 2 110 2001 3 150 Country B (Figures in Billions of $) GDP Debt 1999 1,236 1,346 1,406 1,400 1,550 1,707 2000 2001
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Country A is in trouble Between 1999 and 2000 the debt grew by 100 but ...View the full answer
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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