percent Use the data to answer the following questions: a. What are the deficit/GDP ratio and debt/GDP

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percent Use the data to answer the following questions:

a. What are the deficit/GDP ratio and debt/GDP ratio? How do these ratios compare to the same ratios in the United States today? To what period in U.S. history does the debt/GDP ratio in Belgium correspond?

b. Approximately how much of the budget in Belgium is devoted to interest payments on its debt? If Belgium could wipe out its debt overnight, what would happen to its current budget deficit?

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