The government of Ontario is the largest sub-national borrower in the world, owing a whopping $359...

60.1K

Verified Solution

Question

Economics

The government of Ontario is the largest sub-national borrowerin the world, owing a whopping $359 billion as of March 31, 2019.Ontario debt to GDP ratio current stands at 41%. Please review thefiscal policy chapter and try to assess the fiscal policy of thegovernment of Ontario. Include analysis on Ontario's economicsituation by listing GDP growth rate, inflation rate, unemploymentrate, etc. Try to base your analysis by answering the followingquestions:
1.The government of Ontario has issued a sizable portion of itsdebts in foreign currencies. What are advantages and disadvantagesof issuing foreign currency debts?

Answer & Explanation Solved by verified expert

3.7 Ratings (285 Votes)

Ontario is the most populous state of Canada The state also has the largest economy in the country The nominal GDP of Ontario was worth C763263 Its debttoGDP ratio in 2018 is41 As of March See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member