Increases in the debt-GDP ratio are primarily caused by
a. a high government deficit relative to GDP.
b. a high growth rate of GDP.
c. increases in interest rates.
d. increases in government borrowing through bonds.
Answer: A
Increases in the debt-GDP ratio are primarily caused by
a. a high government deficit relative to GDP.
b. a high growth rate of GDP.
c. increases in interest rates.
d. increases in government borrowing through bonds.
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