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Macroeconomics chapter 13 Discovering Data-Fiscal Policy

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Rank the countries from largest to smallest debt as a percentage of GDP in 2015

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Terms in this set (7)

Rank the countries from largest to smallest debt as a percentage of GDP in 2015

Greece, Italy, U.S., France, UK, and Germany

Calculate the percentage change in gross government debt from 2007 to 2015 for each country

United States 63.3 Italy 32.3 Germany 11.8 France 49.4 Greece 74 United Kingdom 111.6

Rank the countries from the largest to the smallest increase in government debt from 2007 to 2015

United Kingdom, Greece, United States, France, Italy, Germany

Generally, when these countries have gross government debt in excess of 80%, economic growth is

Which country experienced the largest economic contraction? What was the annual percentage change in real GDP for the largest economic contraction?

Which of the following best explains why gross government debt as a percentage of GDP increases

Government debt grows faster than GDP

Large negative shocks to economic growth, holding all else constant, will result in a relatively

large increase in government debt to GDP