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Take a Test - Diego Noboa-Google Chrome Secure https://www.mathxl.com/Student/PlayerTest.aspx?testid-168524840&centen; vinsy 12138aolj Test: Exam 04 Time Remaining: 01:56:14 Submit Test This Question: 1 pt 16 of 50 This Test: 50 pts poss... Suppose that an particular economy has a real GDP of 60.0 trillion in 2004. It grows to 66.0 trillion in 2005. Meanwhile, the national debt was 40.0 trillion in 2004. In 2005 the federal government ran a budget deficit of 4.0 tillion, which was totally financed by borrowing. Given this set of circumstances the national debt as a percentage of real GDP has A. remained constant. OB. decreased. O C. increased. O D. doubled. PM 017 Click to select your answer Save for Later

Explanation / Answer

national debt in 2005=40+4=44 billion

debt as % of GDP in 2004=40/60=66.67%

debt as % of GDP in 2005=44/66=66.67%

so the answer is remained constant

Above is the answer as option A. remained constant

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