Suppose that over the past 50 years the nominal and real, Ask an Expert

Economics

Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate picture of what happened in the country and conclude that the country is __________.

nominal deficits; worse off

real deficits; worse off

real deficits; better off

deficit-to-GDP ratio; worse off

deficit-to-GDP ratio; better off

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91669652

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