1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serious [3.7K]
4 years ago
7

Suppose that an particular economy has a real GDP of 24.0 trillion in 2004. It grows to 30.0 trillion in 2005.​ Meanwhile, the n

ational debt was 16.0 trillion in 2004. In 2005 the federal government ran a budget deficit of 1.6 ​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. increased. C. remained constant. D. doubled.
Business
1 answer:
adell [148]4 years ago
6 0

Answer:

A. decreased

Explanation:

Debt / GDP ratio is one of the indicators of the health of an economy. It is the amount of a country's public debt as a percentage of its Gross Domestic Product (GDP).

For 2004 figures, in the economy in question, the ratio was 16 trillion / 24 trillion = 0.66

In 2005 GDP jumped to 30 trillion and debt increased to 17.6 trillion. Thus, the ratio was 17.6 rail / 30 rail = 0.58

The economy's debt-to-GDP ratio has declined, a good indication that the economy produces a large number of goods and services and that it probably has profits that are high enough to repay its debts.

You might be interested in
how come when i click on " New chats " on my Xbox .. it's not working? like when i click it , it's nothing popping up or whateve
WINSTONCH [101]

Answer:

bro that's not homework

7 0
3 years ago
STATE WHETHER TRUE OR FALSE Marketing helps in developing the economic resources of the country. Flexible price means the seller
Digiron [165]

Answer:

i think it would be F i'm not too good at this stuff but im givin it a try

4 0
3 years ago
Direct examples of the functions of a financial system include
yan [13]
The answer should be 1 and 4 for this question
4 0
3 years ago
A fixed cost is a cost which
ale4655 [162]

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.

4 0
4 years ago
If an employer does not offer a retirement plan, what might be another way to save for retirement?
dimulka [17.4K]
If an employer does not offer a retirement plan, the employee can save up for his retirement by investing in an insurance company that offers such benefits. There are independent insurance companies in the market that provide such services for employees who are not granted with basic benefits. They can arrange for a person to pay insurance in a monthly, quarterly, or annual basis. 
6 0
3 years ago
Other questions:
  • Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly
    7·1 answer
  • One important way in which banks make economic growth possible is by
    7·1 answer
  • 15-year bonds 2 years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bonds currently sell for
    10·1 answer
  • In a Process-oriented layout work centers are arranged to minimize the costs of material handling. The basic cost elements for o
    5·1 answer
  • The Equal Credit Opportunity Act and the Real Estate Settlement Procedures Act, which affect how the real estate business is tra
    9·1 answer
  • Which of these statements describes the costs and benefits of taking a college loan?
    9·1 answer
  • How do developed countries maintain an advantage over
    8·1 answer
  • Peter was just hired by a company that had recently started business operations. He was hired for his expertise and was asked to
    12·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • The accounts payable account is decreased by a debit entry? true or false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!