In June of 2010,the Government Had a Debt of About

question 22

Multiple Choice

In June of 2010,the government had a debt of about $8.6 trillion.Over the next year real GDP grew by about 1.6% and inflation was about 2%.What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?

• A)about $68.8 billion
• B)about $137.6 billion
• C)about $275.2 billion
• D)about $309.6 billion

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Definitions:

Calorimeter

A calorimeter is a device used in the measurement of the heat of chemical reactions or physical changes, as well as heat capacity.

Calorimeter

An instrument used to measure the amount of heat involved in chemical reactions or physical changes.

Calorimeter

An instrument used for measuring the amount of heat involved in a chemical reaction or other processes.

Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, a primary source of energy.