If the Deficit Is 0

question 61

Multiple Choice

If the deficit is 0.02 times GDP,the existing debt-GDP ratio is 0.5,and the growth rate of nominal GDP is 0.03,then the change in the debt-GDP ratio is

• A)+0.05
• B)+0.025.
• C)0)
• D)-0.025.

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing, important for reasoning and the guidance of decision-making and behavior.

Heuristic

A problem-solving approach using practical methods or various shortcuts that may not be perfect but are sufficient for reaching an immediate goal.

Algorithm

A precise step-by-step plan for solving a problem or accomplishing a task, often used in computing to develop software or process data.

Verbal Protocols

A research method in which participants verbalize their thoughts as they perform a task, used to gather data on cognitive processes.