If a country's debt to GRD ratio is 84 the country is producing more than it is borrowing True or False

Question

Mathematics

Jakayla

22 July, 02:49

If a country's debt to GRD ratio is 84 the country is producing more than it is borrowing True or False

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Answers (1)

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Carlie Neal · Answer 1

True

Step-by-step explanation:

We know that the debt-to-GRD ratio is 84% and we also know that debt-to-GDP ratio of 100% means that a country's debt is equal to its gross domestic product. The higher the ratio, the less likely a country will be able to repay its debt.

For that reason if a country debt-to-GRD ratio is 84% then, the country is producing more than it's borrowing.