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Economy X has total government debt of $40,000 and Nominal GDP 60,000. Economy Y has total government debt of $32,000 and Nominal GDP 16,000. (Hint: Economy X is more like the United States; Economy Y is more like Greece in 2011.)Which economy has more svere debt problem?
Answers: 1
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Economy X has total government debt of $40,000 and Nominal GDP 60,000. Economy Y has total governmen...
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