In 2005 the nominal interest rate on bonds was 5 percent a year and the real interest rate was 2 percent a year. Investment was $ 2.7 trillion and the government budget deficit was $0.5 trillion.
In 2005 the nominal interest rate on bonds was 5 percent a year and the real interest rate was 2 percent a year. Investment was $ 2.7 trillion and the government budget deficit was $0.5 trillion.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section: Chapter Questions
Problem 3AA
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In 2005 the nominal interest rate on bonds was 5 percent a year and the real interest rate was 2 percent a year. Investment was $
2.7 trillion and the government budget deficit was $0.5 trillion.
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