Question

Suppose that an particular economy has a real GDP of 12.0 trillion in 2004. It grows...

Suppose that an particular economy has a real GDP of
12.0 trillion in 2004. It grows to
15.0 trillion in 2005.​ Meanwhile, the national debt was
8.0 trillion in 2004. In 2005 the federal government ran a budget deficit of
0.8 ​trillion, which was totally financed by borrowing.
Given this set of circumstances the national debt as a percentage of real GDP has
A.
decreased.
B.
doubled.
C.
remained constant.
D.
increased.


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