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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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  1. 20 August, 16:32
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    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.
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Home » Mathematics » 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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