If a country’s GDP increases, but its debt also increases during that year, then the country’s debt to GDP ratio for the year will _______________ in proportion to the magnitude of the changes.
A. decrease because GDP increased
B. increase because its debt increased
C. increase
D. increase or decrease
Answer:D
If a country’s GDP increases, but its debt also increases during that year, then the country’s debt to GDP ratio for the year will _______________ in proportion to the magnitude of the changes.
A. decrease because GDP increased B. increase because its debt increased C. increase D. increase or decrease
Explanation: Type: Multiple Choice