5. The correct measure of the deficit is represented by which of the following expressions?
5. The correct measure of the deficit is represented by which of the following expressions?
A. iB −G +T .
B. iB +T −G.
C. r B −G +T .
D. (i −π)B +G −T .
E. none of the above.
6. All else equal, a rise in the debt-to-GDP ratio implies
A. a greater ratio of interest payments to GDP.
B. a greater difference between the official and correct measures of the deficit as a fraction of GDP.
C. a greater surplus is needed to prevent further rises in the debt-to-GDP ratio.
D. all of the above.
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