Question: Using the budget data below, calculate the change in the debt-to-GDP ratio from the end of 2019 to end of 2020. Year Budget Surplus

 Using the budget data below, calculate the change in the debt-to-GDP ratio 

Using the budget data below, calculate the change in the debt-to-GDP ratio from the end of 2019 to end of 2020. Year Budget Surplus 2019 100 2020 150 (Round your answer to two decimal points) Debt (as of January 1) 800 GDP 5000 5600

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The debt for the end of 2020 can be calculated as follows Debt of 2019 Budget Surplus for 2020 Sub... View full answer

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