If Real Output Grows at 3 Percent Per Year and the Inflation

question 113

True/False

If real output grows at 3 percent per year and the inflation rate is 3 percent per year then government debt can grow by 6 percent per year and not increase the ratio of debt to income.

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Definitions:

ATP

Adenosine triphosphate, a molecule that carries energy within cells, crucial for cellular functions.

Calvin Cycle

A series of biochemical reactions that take place in the stroma of chloroplasts in photosynthetic organisms; it is part of the process of converting carbon dioxide and water into glucose.

Carbon Dioxide Fixation

The process of converting gaseous carbon dioxide into an organic or inorganic form, used by plants and some microorganisms in photosynthesis.

RuBP

Ribulose bisphosphate, a five-carbon sugar that is involved in the carbon fixation process of photosynthesis.