Japan, Germany, Sweden, and France all went through national budget difficulties in recent years. Use the data below to answer questions regarding the sovereign debts of these nationals (All data comes from the OECD and is in billions of current US dollars.).

1. Compute the debt-to-GDP ratio for all four nations in both 2000 and 2010.

2. Compute the average yearly budget deficit for each of the nations over this period.

3. In your judgment, which of the four nations was in the worse fiscal shape in

2010? Use your computations from above to justify your answer.

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2000 2010 Debt GDP Japan $138 $127 $488 $308 Germany $34 $98 $104 $206 Sweden $62 $118 $190 $231 France $292 $586 $700 Debt GDP $1,420 2000 2010 Debt GDP Japan $138 $127 $488 $308 Germany $34 $98 $104 $206 Sweden $62 $118 $190 $231 France $292 $586 $700 Debt GDP $1,420

Answer rating: 100% (QA)

a Debt to GDP ratio DebtGDP b Average yearly budget deficit ... View the full answer