Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

South World has a total debt of $10 million and an annual GDP of $5 million. It currently pays 4% interest on its debt every year. What percentage of annual GDP does interest on the debt represent

Sagot :

Parrain

Answer: 8.0%

Explanation:

The debt interest it pays is:

= 4% * 10,000,000

= $400,000

Its percentage of annual GDP is:

= 400,000 / 5,000,000 * 100%

= 8.0%

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.