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

question 89

Multiple Choice

Suppose in the beginning of 2013, a country has a national debt of $5,000 billion. Its GDP in 2013 is $20,000 billion and its budget surplus of $130 billion. Compute its debt-GDP ratio at the end of the year.

• A) 2.6%
• B) 25.0%
• C) 24.4%
• D) 6.5%

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Definitions:

Economic Situation

The state of economic conditions in a certain area or globally, including factors like inflation, employment rates, and GDP growth.

Injunctive Norm

Social norms that are perceived as approved or disapproved behaviors by a society or group, guiding what actions are considered acceptable.

Descriptive Norm

The perceived behavior patterns of a group, serving as a guide to what individuals believe is typical or normal behavior within that group.

Endangered Species

Groups of organisms that are at risk of extinction due to a drastic reduction in their population numbers or a threat to their habitats.