Suppose a Country's Debt Rises by 6% and Its GDP

question 8

Multiple Choice

Suppose a country's debt rises by 6% and its GDP rises by 8%. What happens to the debt-GDP ratio?

• A) It rises if there is a budget deficit that period.
• B) It falls.
• C) It rises.
• D) There is insufficient information to answer the question.

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Definitions:

Employee Empowerment

A strategy where employees are given the authority and resources to make decisions and contribute to the company's success.

Work Environments

Work environments encompass the physical and psychological conditions under which employees work, including the workspace, culture, and occupational health and safety standards.

Job Expansion

A strategy employed by organizations to increase the number and variety of tasks that an employee performs.

Labour Cost

Represents the total expense incurred by employers for the wages, benefits, and taxes associated with their workforce.