If a Budget Deficit as a Percent of GDP Is

question 97

Multiple Choice

If a budget deficit as a percent of GDP is greater than the growth of real output,the national debt will

• A)decrease relative to the size of the economy.
• B)decrease in nominal terms.
• C)increase in nominal terms but decrease relative to the size of the economy.
• D)increase relative to the size of the economy.

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Definitions:

Joint Probability Distribution

A statistical measure that gives the likelihood of two events occurring together and at the same point in time.

Golfing Store

A retail outlet specializing in the sale of golf equipment, accessories, and apparel.

Joint Probability Distribution

The probability distribution that captures the likelihood of two or more random variables taking on various combinations of values.

Independent

Not influenced by or contingent upon something else; in statistics, refers to variables that operate without dependency on other variables.