4.5 Role of the state in the macroeconomy

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Question 5

In 2021, it was estimated that Italy's national debt was equal to 150.3% of its GDP, and the United Kingdom's national debt was equal to 103.8% of its GDP.

Evaluate the likely macroeconomic consequences of measures which a government could implement to reduce its national debt. Refer to a developed economy of your choice in your answer.

[25]

4.5 Role of the state in the macroeconomy

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Question 5

In 2021, it was estimated that Italy's national debt was equal to 150.3% of its GDP, and the United Kingdom's national debt was equal to 103.8% of its GDP.

Evaluate the likely macroeconomic consequences of measures which a government could implement to reduce its national debt. Refer to a developed economy of your choice in your answer.

[25]

4.5 Role of the state in the macroeconomy

Question 5

4.5 Role of the state in the macroeconomy Questions

4.5 Role of the state in the macroeconomy

Question 5

4.5 Role of the state in the macroeconomy Questions