Economy X has total government debt of $40,000 and Nominal GDP 60,000. Economy Y has total government debt of $32,000 and Nominal GDP 16,000. (Hint: Economy X is more like the United States; Economy Y is more like Greece in 2011.) Which economy has more svere debt problem?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economy X has total government debt of $40,000 and Nominal GDP 60,000. Economy Y has total government debt of $32,000 and Nominal GDP ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Assume metro corporation had a net income of $ 2 comma 400 for the year ending december 2018. its beginning and ending total assets were $ 30 comma 500 and $ 20 comma 000 , respectively. calculate metro's return on assets (roa).
Answers (1)
Which of the following is not considered a credit? A. Interest earned B. Overdraft fee C. Direct deposit D. Transfer into account
Answers (1)
What other production activities could studios engage in if they didn't hire these mathematicians and scientists
Answers (1)
Esquire Corp. uses the periodic inventory system. During its first year of operations, Esquire made the following purchases (list in chronological order of acquisition): • 20 units at $50 • 35 units at $40 • 85 units at $30 Sales for the year
Answers (1)
Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for Casual Dining, Inc., which plans to open Eat Up Restaurant in that location.
Answers (2)
New Questions in Business
When Japan exports goods to the United States, which Country shows a balance of payments credit
Answers (1)
Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.
Answers (1)
g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.
Answers (1)
Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.
Answers (1)
You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.
Answers (1)