Consider Two Economies,A and B

question 66

Multiple Choice

Consider two economies,A and B.Economy A has a stock of government debt equal to $800 billion,while Economy B has a stock of government debt equal to $22 billion.In order to determine the economic importance of these government debt loads in the respective economies,it is necessary to know ________ for each economy.

• A)the level of government expenditures
• B)the net tax rate
• C)the primary budget deficit
• D)the GDP
• E)the stance of monetary policy

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Definitions:

M

Often used to represent the mean or average value of a set of scores or measurements.

Population Size

The total count of individuals or entities to be studied or observed in a given population.

Sum of Scores

The total value obtained by adding together all scores in a set of data.

Mode

The data point that is most frequently observed in a dataset.