Suppose That at the Start of Fiscal Year 2015 the Government

question 85

Multiple Choice

Suppose that at the start of fiscal year 2015 the government had a debt of $6060 billion.Suppose that during the same fiscal year,real GDP grew by about 3 percent and inflation was about 2 percent.What is the largest deficit the government could have run without raising the debt-to-GDP ratio?

• A) about $122 billion
• B) about $184 billion
• C) about $243 billion
• D) about $303 billion

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Definitions:

Herbivores

Organisms that feed exclusively or mostly on plant matter.

Intense Sunlight

A condition characterized by strong, direct sunlight with a high level of ultraviolet radiation, often leading to increased temperature and potential for sunburn.

Spongy Mesophyll

The loosely arranged mesophyll cells near the lower epidermis in certain leaves. Compare with palisade mesophyll.

Gas Diffusion

The process by which gas molecules spread from areas of high concentration to areas of low concentration until equilibrium is reached.