Explain briefly the ggdp taxgdp and debtgdp ratios these, Business Economics

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Explain briefly the ggdp taxgdp and debtgdp ratios these

Explain briefly the G/GDP, Tax/GDP and Debt/GDP ratios. These ratios have increased substantially in most countries during the past decades. Yet, we are confronted with severe macroeconomic problems. Why? What is the role of government in addressing the macroeconomic problems if we have reached the limits to these ratios?

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Business Economics: Explain briefly the ggdp taxgdp and debtgdp ratios these

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