Consider Two Economies,A and B

question 66

Multiple Choice

Consider two economies,A and B.Economy A has a stock of government debt equal to $800 billion,while Economy B has a stock of government debt equal to $22 billion.In order to determine the economic importance of these government debt loads in the respective economies,it is necessary to know ________ for each economy.

• A)the level of government expenditures
• B)the net tax rate
• C)the primary budget deficit
• D)the GDP
• E)the stance of monetary policy

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Definitions:

Distributive Justice

The ethical principle concerned with the fair and equitable distribution of goods and resources in society.

Cultural

Pertains to the ideas, customs, social behavior, and artifacts of a particular society, group, or time period.

Economic

Relating to economics or the economy, the study of how societies use resources to produce goods and distribute them among individuals.

Genetic

Pertaining to genes and heredity, influencing the characteristics and traits of an organism.