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
1 answer:
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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