Guruji's
Little Economists
Future Economists
Seeds of future prosperity lies in today's children,
Let's join our hands to nurture the seed,
To its fullest growth,
for the greater welfare of Society.
Let's be united to remove the
poverty
and corruption.
Wednesday, August 03, 2011
US avoids default as Obama signs debt bill into law.
1) Define Public Debt.[2]
2) Explain why some credit rating agencies have down graded the bond rating for US. [6]
3) Discuss reason for the time when the gap between the public debt and GDP fallen down.[10]
4) Discuss the consequences of US debt crisis for the world economy.[25]
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