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based on describe, explain how the countries rate of GDP growth has compared to its debt growth over time ? QUESTION 96 Essay question (worth

based on describe, explain how the countries rate of GDP growth has compared to its debt growth over time ?

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QUESTION 96 Essay question (worth 5 pts.) The table below shows, respectively, the Federal debt, Nominal GDP (in billionsof $), and the debuGDP ratio for the years 1909 to 2004 Year Fed. DebtNominal GDPDebt/GDP Ratio 1999 $5,606 $9, 12561% 2000 $5,629 $9,71058% 2001 $5,770 $10,05857% 2002 $6, 198 $10,38960% 2003 $6,670 $10,83962% 2004 $7,355 $11,55364% Graph of the Ratio of Federal Debt/&DP ratio for those years above: 66% 64% 64% 62% 62% 61% 60% 60%% Debt/GDP 58% 57% 56% 549% $2% 2 3 Year 4 5 ased on this graph, explain how the country's rate of GDP growth has compared to its debt growth overtime

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