Which of the following is the correct ranking of countries in descending order in terms of...
Which of the following is the correct ranking of countries in descending order in terms of their publicly held debt-to-GDP ratios for 2013? Choose one:
A. United States > Greece > Japan
B. Greece > United States > Japan
C. Greece > Japan > United States
D. Japan > Greece > United States
Homework Answers
Option D. Japan > Greece > United States
Explanation: The debt to GDP ratio of these countries in 2013 were:
- Japan 244.48
- Greece 177.68
- US 104.62
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The following chart, published by the Wall Street Journal, shows
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What was Japan’s debt-to-GDP ratio in 2013, compared to other
countries?
What are the possible effects of a large government debt?
Debt Buildup Gross government debt as a percentage of GDP for major Industrialized countries 25.0% Japan 200 150 Italy U.S. UK France Cada Germany 100 50 05 10 73 0 1995 2000 Estimates...
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