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

question 170

Multiple Choice

Suppose in the beginning of 2013, a country has a national debt of $8,000 billion. Its GDP in
2013 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:

Sacropterygian Fishes

An ancient group of lobe-finned fishes, some of whose descendants evolved into terrestrial vertebrates.

Ancestral

Relating to or inherited from an ancestor or ancestors.

Amphibians

Amphibians are a class of cold-blooded vertebrates that include frogs, toads, salamanders, and newts, characterized by their ability to live both on land and in water.

Chordate Group

A large group of animals that, at some stage in their development, possess a notochord, dorsal nerve cord, pharyngeal slits, and a post-anal tail.