The Debt Service Ratio Is Defined as

question 9

Multiple Choice

The debt service ratio is defined as

• A)the ratio of total debt to export earnings.
• B)the ratio of total debt to GDP.
• C)the ratio of payments on foreign debt to export earnings.
• D)the ratio of payments on foreign debt to GDP.

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Definitions:

Relative Burden

The comparative impact of a tax, cost, or other financial obligation on an individual or group.

Inelastic Demand

Inelastic demand is a situation where the demand for a product does not significantly change with a change in the product's price.

Tax Burden

Represents the total amount of taxes that individuals or businesses must pay to governmental authorities.

Violin Buyers

Individuals or entities that are specifically interested in purchasing violins, either for personal use, collection, or investment.