Who defines burden of public debt as the ratio of the total debt to the total national income ?
Domar's analysis relates public debt to national income. With the interest rate held fixed, a higher debt-income ratio also raises the interest burden relative to income.
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Who defines burden of public debt as the ratio of the total debt to the total national income ?
Answer and explanation
Correct answer D
Domar's analysis relates public debt to national income. With the interest rate held fixed, a higher debt-income ratio also raises the interest burden relative to income.
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RPSC Assistant Professor (College Education)