In 2019, Japan had a debt/GDP ratio of 256.22%. For the same year, Germany had a debt/GDP ratio of 68.93%. What can we infer from that data? We can't reach any conclusions about the government budget result of either Germany or Japan for the year of 2019. In 2019, Japan had a smaller GDP and a higher budget deficit than Germany. O In 2019, both Japan and Germany had a budget deficit, but Japan's deficit was greater than Germany's. O In 2019, Japan had a budget deficit and Germany had a budget surplus.

In 2019, Japan had a debt/GDP ratio of 256.22%. For the same year, Germany had a debt/GDP ratio of 68.93%. What can we infer from that data? We can't reach any conclusions about the government budget result of either Germany or Japan for the year of 2019. In 2019, Japan had a smaller GDP and a higher budget deficit than Germany. O In 2019, both Japan and Germany had a budget deficit, but Japan's deficit was greater than Germany's. O In 2019, Japan had a budget deficit and Germany had a budget surplus.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section11.B: Algebraic Treatment Of Taxes And Fiscal Policy

Problem 3TY

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