. Imagine a country where there is a $500 million debt with a real Gross Domestic Product of $18.4 billion. The debt service payments are $35 million with a 4% interest rate and the primary budget deficit for the upcoming year is expected to be $185 million and the economy is expected to grow by 2.5%. What is the current debt-to- GDP ratio and how much will that change given the new budget forecast? (show your work and the new debt-to-GDP ratio)