Use the Following Table to Answer the Next Eight Questions

question 115

Multiple Choice

Use the following table to answer the next eight questions:

-According to the table,the country with the largest decrease in the debt-to-GDP ratio over the time period is:

• A) the United States.
• B) France.
• C) Italy.
• D) Belgium.
• E) Australia.

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Definitions:

Compensating Differential

The additional amount of income that an employee requires to accept a job that entails less desirable aspects, such as longer hours or higher risks.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.

Unskilled Labor

Labor that requires no specialized skills, education, or training for its performance.

Productivity Gains

Increases in the amount of output produced per unit of input, reflecting improvements in efficiency, technology, or processes.