Assume That the Debt-To GDP Ratio Is 60%, the Inflation

question 24

Multiple Choice

Assume that the debt-to GDP ratio is 60%, the inflation rate is 2.0% and the total budget deficit is 3% of GDP.What is the inflation-adjusted budget deficit as a percentage of GDP?

• A)2)4%
• B)1).8%
• C)1)5%
• D)1)2%
• E)1)0%

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Definitions:

Whistle-Blowing

The act of exposing any illegal or unethical activities happening within an organization by someone from within the organization.

False Invoices

Invoices that are issued to bill for goods or services that were not actually provided, often used in fraudulent schemes.

Ethical

Ethical pertains to moral principles that govern a person's behavior or the conducting of an activity.

Moral Code

A set of principles or ethics that govern the behavior of individuals or groups based on notions of right and wrong.