In 2023, it was estimated that Japan's gross national debt was approximately 261% of its GDP, while Canada's national debt stood at around 107% of its GDP.
Evaluate the macroeconomic effects of alternative policies a government might adopt to reduce its national debt-to-GDP ratio. Refer to a developed economy of your choice in your answer.
44 exam-style questions on Edexcel A A Level Economics 4.5.3 Public sector finances. Each one has a worked solution and a mark scheme showing where the marks go.