Consider the Following Hypothetical Data (In Billions of Dollars) (A) Fill in the Missing Values in the Precelling Table

question 109

Essay

Consider the following hypothetical data (in billions of dollars):
$$\begin{array} { | c | c | c | c | } \hline \text { Year } & \text { Gudpet Defieit } & \begin{array} { c } \text { GuvenmentDebt ar } \\\text { uf Jan. 1 }\end{array} & \text { GDP } \\\hline 2014 & 121 & 5,500 & 8,300 \\\hline 2015 & 140 & 5,621 & 8,715 \\\hline 2016 & & & 9,761 \\\hline 2017 & 150 & 5,901 & 10,737 \\\hline\end{array}$$ (A) Fill in the missing values in the precelling table.
(B) What is the percentage change in the debt and GDP fram 2014 to 2015
(C) What is the percentage chane in the debt and GDP fram 2015 to 2016 ?
(D) Calculate the debt to GDP ratio far each year. How does this ratio change aver tine? Why?

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Definitions:

Productivity Growth

An increase in the efficiency of production, measured by the amount of goods and services produced per unit of labor or capital.

Trade Deficit

A situation in which a country's imports exceed its exports, resulting in a negative balance of trade.

Negative Merchandise Trade Balance

A situation where a country's imports of goods exceed its exports of goods, leading to a trade deficit in physical goods.

Services Trade Balance

The services trade balance refers to the difference between a country's exports and imports of services.