If the Inflation Rate Is 7 Percent,real GDP Growth Is

question 60

Multiple Choice

If the inflation rate is 7 percent,real GDP growth is 2 percent,and the current budget deficit is $100 billion,what must the current national debt be if the debt-GDP ratio is to remain the same?

• A)$1,111 billion
• B)$2,000 billion
• C)$1,429 billion
• D)$5,000 billion