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If the deficit is 0.08 times GDP,the existing debt-GDP ratio is 0.8,and the growth rate of nominal GDP is 0.05,then the change in the debt-GDP ratio is
Third Party
An entity not directly involved in a transaction or legal agreement but who may be affected by it.
Force Majeure
A contractual clause that frees both parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.
Contract Termination
The legally sanctioned end of a contract's validity, which can occur due to fulfillment, mutual agreement, or breach by one of the parties.
Obligations Performance
The fulfillment or execution of the duties, actions, or tasks that are required by a contract, agreement, or legal requirement.
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