Macroeconomic Policies In A Global Context Flashcards
1
Q
How to calculate Debt-to-GDP ratio
A
National Debt / GDP
2
Q
Methods to reduce budget deficits and national debt
A
Austerity and Economic Growth
3
Q
Define Austerity
A
Economic policy aimed at reducing budget deficit through increases in government revenue and/or reduction in government spending or future spending commitments
