Consider an economy's debt-to-GDP ratio. If the initial stock of debt is 35% of GDP, the primary

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Consider an economy's debt-to-GDP ratio. If the initial stock of debt is 35% of GDP, the primary budget deficit is 1.0% of GDP, the real interest rate is 2.5%, and the growth rate of real GDP is 2.0%.

What is the debt-to-GDP ratio at the end of the year?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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Posted Date: Jun 10, 2023 08:01 AM

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Consider an economy's debt-to-GDP ratio. If the initial stock of debt is 35% of GDP, the primary

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Macroeconomics

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