Question

if a country's debt to GDP ratio is 92% the country is producing more than it is borrowing true or false

Answer 1

Answer:

True

Step-by-step explanation:

Given that a county's debt to GDP ratio is 92% , mathematically it can be written as

$\frac{debt}{GDP} = \frac{92}{100}$

this implies that for if the GDP is $100 then the debt is $92. therefore we say that the country is producing more than it is borrowing . hence the above

statement is correct/True.

GDP is the money value of the total amount of goods and services produced by a country in a financial year.

Answer 2

The answer is true, hope this helps :)