Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly 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%

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.