Question 33(Multiple Choice ) (05.04 MC) Which of the following will lead to an increase in a country's existing national debt? O Nominal interest rates in the country fall. O Income tax receipts increase. The central bank sells government bonds. The government engages in deficit spending to stimulate the economy. The government uses contractionary fiscal policies to address spiraling inflation. Question 32(Multiple Choice ) (05.04 MC) As year 2 begins, suppose a country has a debt of $24 million. If the government has an added deficit of $37 million in Year 2, then how much is the public debt at the end of Year 2? O $13 million $24 million O $37 million O $61 million O $85 million
