CFA Level I sample question

CFA Level I Fiscal Policy question

Economics / Fiscal Policy

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Fiscal Policy sample question

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Economics

Fiscal Policy

Analyst Tomas Novak reviews a country with government debt equal to 90% of GDP, an average nominal interest rate on debt of 4%, and nominal GDP growth of 2%, both expected to persist. To keep the debt-to-GDP ratio approximately stable, the government's primary balance must be closest to a:

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