Last Year a Country's Real GDP Grew by 2%,it's Inflation

question 30

Multiple Choice

Last year a country's real GDP grew by 2%,it's inflation rate was 3%,and it's government budget deficit was about $200 billion.It's debt-to-GDP ratio was unchanged.About what was it's debt at the start of last year?

• A)10.0 trillion
• B)6.7 trillion
• C)4 trillion
• D)None of the above are correct.

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Definitions:

Interdependence

A dynamic of being mutually reliant on each other, where the actions of one entity or person affect the outcome of another.

Cohesiveness

The degree to which members of a group or team are united and work together to achieve a common goal.

Person Perception

The process of forming impressions and making judgments about the characteristics and motives of others.

Activated Automatically

Processes or responses that occur without conscious control or effort.