Question 02: The national debt held by the public at the end of 2020 was $21.63 trillion. Our nominal (i.e., in current dollars) GDP for 2020 was $21.49 trillion. Divide the debt by GDP to see what the U.S. debt-to-GDP ratio is recently. You can multiple by 100% to put the ratio as a percentage. ( A) debt-to-GDP = 89% B) debt-to-GDP = 94% O C) debt-to-GDP = 117% O D) debt-to-GDP = 101%