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Table 12.2 National debt and GDP (billions of dollars per year) Country A Country B Year Debt GDP Debt/GDP Debt GDP Debt/GDP 1999 $200 $1000

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Table 12.2 National debt and GDP (billions of dollars per year) Country A Country B Year Debt GDP Debt/GDP Debt GDP Debt/GDP 1999 $200 $1000 $200 $1000 2000 250 1250 250 1150 2001 280 1400 280 1000 2002 320 1600 320 1000 2003 400 2000 400 1200 1. Calculate the debt/GDP ratio for Country A and Country B in Table 12.2

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