If the public debt of the Apex Federation is 8,567,129,486,002,225 apex dollars while its gdp is 18,477,109,328,279,113 apex dollars, then its debt to gdp ratio is about 46%. True or False

Question

Nora Escobar

Mathematics

20 August, 16:14

If the public debt of the Apex Federation is 8,567,129,486,002,225 apex dollars while its gdp is 18,477,109,328,279,113 apex dollars, then its debt to gdp ratio is about 46%. True or False

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Answers (1)

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Everett Pace · Answer 1

True, The debt to gdp ratio is 46%.

Step-by-step explanation:

The formula to calculate the debt to gdp ratio is:

debt to gdp ratio = Debt / Gross Domestic product (gdp)

= 8,567,129,486,002,225 / 18,477,109,328,279,113

= 0.464

Finding the percentage: 0.464*100 = 46.4% = ~ 46%

So, the answer is True.