suppose that a particular economy hasa real GDP of 30.0 trillion in 2004. It grows to 33.0 trillion in 2005. Meanwhile, the national debt was 20.0…

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suppose that a particular economy hasa real GDP of 30.0 trillion in 2004. It grows to 33.0 trillion in 2005. Meanwhile, the national debt was 20.0 trillion in 2004. In 2005 the federal government ran a budget deficit of 2.0 trillion, which was totally financed by borrowing. Given the set of circumstances the national debt as a percentage has?

a. Increased

b. Decreased

c. Doubled

d. Remain Constant

suppose that a particular economy hasa real GDP of 30.0 trillion in 2004. It grows to 33.0 trillion in 2005. Meanwhile, the national debt was 20.0…

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