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4 February, 00:58

If a country's debt-to-GDP ratio is currently 20% and its debt is expected to grow from 50 billion dollars to 100 billion dollars in the next 30 years, what will the country's GDP have to be in 30 years to maintain the current debt-to-GDP ratio?

A. 20 billion dollars

B. 250 billion dollars

C. 10 billion dollars

D. 500 billion dollars

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Answers (1)
  1. 4 February, 02:28
    0
    This one is pretty simple. You just have to multiply the expected debt by 5. 20% is 1/5 of 100%, right?
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