Suppose in the beginning of 2013, a country has a national debt of $8,000 billion. Its GDP in 2013 is $32,000 billion and its budget deficit of $1,600 billion. Compute its debt-GDP ratio at the end of the year.

A) about 5. 0%
B) about 20,0%
C) about 25.0%
D) about 30%

Ans: D) about 30%

Economics

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The flawed character cause of poverty refers to individual defects in aspiration or ability

Indicate whether the statement is true or false

Economics

Refer to the information provided in Figure 3.13 below to answer the question(s) that follow. Figure 3.13Refer to Figure 3.13. An increase in the number of cattle ranchers will cause a movement from

A. D2 to D1. B. Point G to Point F. C. Point B to Point A. D. S2 to S1.

Economics