For example, suppose that real output in the United States grows at approximately 5%. If the inflation rate is 2% per year, this means that nominal income must be growing at a rate of per year. Because nominal income grows over time, the nation's ability to pay back the national debt also rises. Therefore, as long as the nation's income growsThan the government debt, the level of debt can continue to increase without harming the economy. In this case, the nominal government debt can rise byeach year without increasing the debt-to-income ratio.

the minoans were group of people living in the greek islands of crete in the mediterranean sea during the bronze age

d.

thist title points out that you are explaining the nature of the u.s. government. it is the most specific. a representative government consists of a government where decisions are taken according to a voting system. the most essential aspect of a representative government is found in the different structures where voting rights are granted to different groups of people. for example, voting for governor, mayor, president, local police chief etc.