You are running for reelection as president of the nation of Utopia. Your opponents have criticized you for allowing the national debt to grow by almost 50 percent over the last 4 years. Use the following statistics, measured in millions of dollars, to defend yourself to Utopia’s voters:
National debt in year 1 of your presidency:                       $152
National debt in year 4 of your presidency:                        $200
Nominal GDP in year 1 of your presidency:                        $3,042
Nominal GDP in year 4 of your presidency:                        $4,098
Price index in year 1 of your presidency:                             45
Price index in year 4 of your presidency:                             72