Chapter 15.4

Question 1

If the government debt is $200 billion and the debt-to-GDP ratio is 5 percent, what is real GDP?

$2 trillion
$8 trillion
$4 trillion
$10 trillion
$6 trillion

Answer 1

4 trillion

Question 2

If the government debt is $320 billion and the real GDP is $10 trillion, what is the debt-to-GDP ratio?

3.2 percent
3.6 percent
3.4 percent
2.8 percent
3.0 percent

Answer 2

3.2