Government debt政府债务

根据李嘉图的政府债务观点，用债务筹资的减税如何影响公共储蓄、私人储蓄和国民储蓄？

According to the Ricardian view of government debt, how does a debt-financed tax cut affect public saving, private saving, and national saving？

国的GDP (以百分比计)形成巨额的负担吗？你认为这是一个庞大的数字吗？如果净外债为GDP的100%呢？你认为一国的外债规模发展到何种程度，就应该引起政府的担忧？

Suppose that the U.S. net foreign debt is 25 percent of U.S. GDP and that foreign assets and liabilities alike pay an interest rate of 5 percent per year. What would be the drain on U.S. GDP (as a percentage) from paying interest on the net foreign debt？ Do you think this is a large number？ What if the net foreign debt were 100 percent of GDP？ At what point do you think a country's government should become worried about the size of its foreign debt？

proposl mde by Republicns is pssed, ______.it will be signed by the Congress B．it will tke effect on Nov. 22nd C．the prtil government will keep shutting down D．the government will cover the debt loss

A．it will be signed by the Congress

B．it will take effect on Nov． 22nd

C．the partial government will keep shutting down

D．the government will cover the debt loss

ment bonds.

A、adapting

B、 altering

C、 converting

D、 varying

A．business cycle

B．standard of living

C．national debt

D．aggregate output

______________.

A.Gain greater control of the colonies

B.Pay off its debt due to the war

C.Show its supremacy over the colonies

D.Develop more colonies

A．there is a budget deficit．

B．public debt will fall

C．there is a budget surplus．

D．public saving is positiv

E．

nances that could be spent on health, education and long-term development are instead used for debt repayment.

A.dive right in

B.catch up on

C.push ahead with

D.split off from

A.the government fixes the maximum rate that can be paid on bonds.

B.they are held predominantly by older people who are living on fixed incomes.

C.they pay a fixed amount at maturity.

D.they promise either a fixed stream of income or a stream of incomedetermined by a specific formula.

E.they were the first type of investment offered to the public, which allowedthem to “fix” their income at a higher level by investing in bonds.

债务置换 （debt displacement) 名词解释