Question
In November of 2019, the United States and Canada had the following levels of debt and GDP (note the table is in billions of U.S.
In November of 2019, the United States and Canada had the following levels of debt and GDP (note the table is in billions of U.S. dollars):
| Total national debt | Nominal GDP | |
|---|---|---|
| U.S. | 22,987 | 21,608 |
| Canada | 1,819 | 1,867 |
Calculate the debt-to-GDP ratio for the United States and Canada in November, 2019. Give all answers to two decimals. U.S. debt-to-GDP ratio: Canadian debt-to-GDP ratio:
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Essentials Of Advanced Macroeconomic Theory
Authors: Ola Olsson ]
1st Edition
9780415685085
