Problem:
Q1. Share your experience in the simulation. What strategies did you pursue? Were you successful in reducing the debt?
Q2. In your opinion, is a high national debt a problem for future economic growth? What is the ideal debt-to-GDP ratio? Research academic sources or refer to the information available through the simulation to support your opinion.
Q3. Government spending increases national debt and can cause a crowding-out effect. Explain what the crowding- out effect is and why it's considered a negative effect of increased government spending. Use information from the textbook to support your analysis.