Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 18, Problem 1RQ
To determine
The current budget balance and debt-
Expert Solution & Answer
Explanation of Solution
The current budget of Country U is a deficit budget and the deficit as on 2018 was around $779 million. The debt-GDP ratio is used for comparing the debt and GDP of a country, which reflects the ability of a government to pay back the debt without any restriction in
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