Under What Condition Can the U

question 19

Multiple Choice

Under what condition can the U.S.government continue to pay interest on a rising debt without eventually needing to increase the average tax rate?

• A) If the national debt grows at the same rate as nominal GDP
• B) If the nominal interest on the national debt grows faster than nominal GDP
• C) If the total interest payments on the national debt grow faster than nominal GDP
• D) If the national debt grows faster than nominal GDP
• E) If the real interest on the national debt grows faster than real GDP.

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Definitions:

Consumer Journey

The complete experience a customer goes through when interacting with a brand or product, from awareness to purchase and beyond.

Promotional Element

A component of the marketing mix that involves activities to increase awareness, interest, and sales of a product or service, such as advertising, sales promotions, and public relations.

Product Life Cycle

Describes the stages a product goes through from when it is first introduced into the market until it declines or is removed from the market; the stages include introduction, growth, maturity, and decline.

Promotional Mix

The blend of different marketing strategies and tactics – such as advertising, public relations, personal selling, and sales promotion – used to reach the target audience, create awareness, and generate sales or achieve marketing objectives.