Suppose there is no public debt before Year 1 and that net transfers are equal to...

  

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Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public debt as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13. Government Government Real Year Purchases Taxes GDP 1 304 257 5,131 2 459 263 5,405 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public debt as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13. Government Government Real Year Purchases Taxes GDP 1 304 257 5,131 2 459 263 5,405