Suppose in the Beginning of 2013, a Country Has a National

question 53

Multiple Choice

Suppose in the beginning of 2013, a country has a national debt of $8,000 billion. Its GDP in J2013 is $32,000 billion and its budget deficit of $1,600 billion. Compute its debt-GDP ratio at the end of the year.

• A) about 5. 0%
• B) about 20,0%
• C) about 25.0%
• D) about 30%

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Definitions:

False Alternative

A logical fallacy that occurs when an argument presents a limited set of options as if they are the only possibilities when, in fact, more options exist.

Fallacy

An incorrect argument in logic and rhetoric resulting in a lack of validity, or more generally, an error in reasoning.

Lemon Trees

Perennial plants known for producing lemons, characterized by their citrus fruit and aromatic leaves.

Post Hoc

A logical fallacy that implies a cause and effect relationship simply because one event follows another in time.