In FRED, find and plot data on the ratio of outstanding total international debt to GDP for

Question:

In FRED, find and plot data on the ratio of outstanding total international debt to GDP for

(a) the Euro area,

(b) the United States,

(c) Japan. 

These amounts represent the international indebtedness of each region to the rest of the world. Which region has the highest international debt relative to GDP? Which region has the lowest international debt relative to GDP? Describe how all three ratios have changed over the past five years.

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780137876037

11th Edition

Authors: Andrew B Abel

Question Posted: