Question

If a country's debt-to-GDP ratio is 84%, the country is producing more th is borrowing. O A. True or False?​

Answer 1

This statement is false.

If a country’s debt-to-GDP ratio is 84%, the country’s collective debt is 84% of the GDP (gross domestic product). Because the debt compromises over 4/5 of the GDP, we can conclude that the country is borrowing more than it is producing. Therefore, this statement is false.