How Does Output Volatility Affect the Probability That a Country

question 46

Short Answer

How does output volatility affect the probability that a country will pay a loan (instead of defaulting)?

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Definitions:

Points

Specific locations in a space, defined by coordinates, with no dimension or size.

Slope

The measure of the steepness of a line, typically represented as the ratio of the vertical change to the horizontal change between two points on the line.

Points

The basic unit of geometry, representing a location in space with no dimension.

Slope

In mathematics, specifically in algebra and geometry, it refers to the measure of the steepness or incline of a line, represented as a ratio of the vertical change to the horizontal change between two points on the line.