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The Department of Finance has developed forecasts for a country's real GDP, debt and budget balance for 4 years. Assume that there are no debt
The Department of Finance has developed forecasts for a country's real GDP, debt and budget balance for 4 years. Assume that there are no debt charges and that real GDP is forecast to grow by 3% in year 4 . Based on the forecasts in the following table, what is the country's expected debt as a percent of real GDP in year 4 (debt-toGDP ratio) Round your answer to a whole percent (no decimal places). COPYRIGHTED MATERIAL. NOT TO BE SHARED
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