4.5 Role of the state in the macroeconomy

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Question 21

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.

[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 21

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.

[25]

4.5 Role of the state in the macroeconomy

Question 21

4.5 Role of the state in the macroeconomy Questions

4.5 Role of the state in the macroeconomy

Question 21

4.5 Role of the state in the macroeconomy Questions