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Ipatiy [6.2K]
3 years ago
9

If a country’s debt to GDP ratio is currently 20% and its debt is expected to grow from 15 trillion to 25 trillion in the next 1

5 years, what will the country’s GDP have to be in 15 years to maintain the current debt to GDP ratio
Mathematics
1 answer:
sineoko [7]3 years ago
3 0

Answer:

The answer would be: $125 trillion

The country want to keep the debt-to-GDP ratio is at 20% while increasing the debt from $15 trillion to $25 trillion.

If debt-to-GDP is 20% and the debt is $25 trillion then the GDP of the country would be:

debt/GDP= 20%

GDP= debt/ 20%= $25 trillion/20%= $125 trillion

Step-by-step explanation:

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