Refer to the Data Below

question 51

Multiple Choice

Refer to the data below.If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is: The following budget information is for a hypothetical economy.All data are in billions of dollars.

• A)7.5 percent.
• B)1.39 percent.
• C)2.5 percent.
• D)3.9 percent.

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Definitions:

Descriptive Statement

A statement that describes how the world is, based on observable facts without inferring causation or prescribing actions.

Rent Control

Government policies or regulations that limit the rent landlords can charge tenants, aiming to make housing more affordable.

Macroeconomist

An economist who studies broad economic factors affecting the economy as a whole, such as inflation, unemployment, and national income.

Positive Statement

An objective and fact-based statement that can be tested and validated, focusing on describing how the world is.