Suppose the Change in the Government's Debt-To-GDP Ratio in a Given

question 32

Multiple Choice

Suppose the change in the government's debt-to-GDP ratio in a given year is -0.018.This figure tells us that the government's debt-to-GDP ratio has

• A)fallen by 0.018%.
• B)risen by 0.018%.
• C)risen by 1.8 percentage points.
• D)fallen by 1.8 percentage points.
• E)risen by 0.018 percentage points.

Identify efficient allocations of goods in exchange economies using the Edgeworth box and contract curve.

Understand the role and impact of substitutes and complements in consumer consumption patterns.

Apply the concept of marginal substitution rates in understanding consumer preferences and optimal allocations.

Recognize the effects of market interdependencies on general and partial equilibriums.