A country's GDP is 30 billion euros and its public debt is 24 billion euros. What is the debt as a share of GDP?
Answer and explanation
Correct answer: C. 80 percent
- Step 1: Divide the debt by GDP. Step 2. 24 divided by 30 is 0.8. Answer: 80 percent. Why not the others: 125 percent inverts the ratio; 20 percent is the share of the remainder; 6 percent is the difference in billions.
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