Assume that a countryrsquos real growth is 2 percent per
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year.
a. Can the country continue to afford such deficits indefinitely?
b. What problems might it face in the future?
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assume that a countryrsquos real growth is 2 percent per year while its real deficit is rising 5 percent a yeara can
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