Compute level of national debt and new debt-gdp ratio

Reference no: EM131774047

Question: Suppose a country has a national debt of $5,000 billion, a GDP of $10,000 billion, and a budget deficit of $100 billion.

1) How much will its new national debt be? Compute its debt-GDP ratio.

2) Suppose its GDP grows by 1% in the next year and the budget deficit is again $100 billion.

3) Compute its new level of national debt and its new debt-GDP ratio.

Reference no: EM131774047

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