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Hello, I have a question I need explained to me, I am so lost. the question is Suppose an economy has a GPD of $40
Hello, I have a question I need explained to me, I am so lost. the question is "Suppose an economy has a GPD of $40 billion and a national debt of $20 billion. The average interest rate on the debt is currently 3%. Calculate the annual interest payments on the debt. What percentage of the economy GDP is spent on interest payments on the debt?"
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