问题如下:
Economic data by country
According to the economic data which of the three counties has the highest credit risk:
选项:
A.Country Z.
B.Country X.
C.Country Y.
解释:
A is correct.
考点:growth accounting relations
解析:GDP的增长可以用来衡量企业债和国债的信用风险。如果一个国家有很高的potential GPD growth rate, 那么这个国家将来就有足够的钱偿还外债,它的信用风险会很低,那我们就计算一下哪个国家的potential GPD growth rate是最低的,也就是信用质量将来会变差:
growth rate of potential GDP= growth rate of labor force + growth rate in labor productivity
X=2.1+2.6=4.7
Y=1.5+1.8=3.3
Z=0.6+1=1.6
因此选A。
如果potential GDP的growth rate很低不就代表这个国家已经进入了发达国家的水平吗?那不是应该credit risk最低吗?