alleryStart learning →Combined central and state fiscal deficits rose to what share of GDP in late 1980s?
A6.1%
B8.0%
C10.1%
D12.5%
Answer & Solution
Correct answer: C. 10.1%
The deficit rose from about 8% of GDP in early 1980s to 10.1% in the second half, feeding the 1991 crisis.
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