The public debt of the Apex Republic is 6,578,116,932,196,034 Apex dollars, while its gross domestic product (GDP) is 19,338,189,233,851,794 Apex dollars. What is the Apex Republic's debt-to-GDP ratio?

Respuesta :

34% im not sure why i just found the answer on my exam and this site makes me explain i guess. so here. 

we are given

The public debt of the Apex Republic is 6,578,116,932,196,034 Apex dollars

so, we get

[tex] ARD=6578116932196034 [/tex]

gross domestic product (GDP) is 19,338,189,233,851,794

[tex] GDP=19338189233851794 [/tex]

now, we can find ratio

[tex] \frac{ARD}{GDP}=\frac{6578116932196034}{19338189233851794} [/tex]

now, we can simplify it

[tex] \frac{ARD}{GDP}=\frac{164453}{483455} [/tex]

[tex] \frac{ARD}{GDP}=0.34016 [/tex] ................Answer