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if a country's debt-to-GDP ratio is 76%, the country is borrowing more than it is producing. A) True B) False

Respuesta :

This statement is false. If the debt-to-GDP ratio is 76%, it means that the country is producing more than it is borrowing.

What is the debt-to-GDP ratio?

Debt is the total amount of money that is borrowed. Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Debt-to-GDP ratio = Debt / GDP

Assume that the country's debt is 76 million and the GDP is 100 million.

debt-to-GDP ratio = 76 / 100 = 0.76 = 76%.

It can be seen that debt is less than production.

To learn more about GDP, please check: https://brainly.com/question/15225458

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