How America's national debt stacks up.
Position | GRAPH * NATIONAL - Table |
As the article "Washington's Gridlock" (p. 8) notes, the U.S. faces a mounting national, debt. To put this debt in perspective, economists often look at it as a percentage of gross domestic product, or GDP. GDP is the dollar value of all goods and services produced in a nation in a given year. The higher the debt is as a percentage of GDP, the tougher it may be for a country to pay up.
[GRAPHIC OMITTED]
ANALYZE THE GRAPH
(1) Canada's national. debt is about --percent of its gross domestic product. a 60 b 70 c 80 d 90 (2) Which country has a national, debt that is more than two times its gross domestic product? a Italy b Japan c United States d Canada (3) The U.S. and China have the world's two largest economies. What is the approximate difference, in percentage points, between the two nations' debt-to-GDP ratios? a about 30 b about 50 c about 70 d about 80 (4) The U.S. national. debt is about $14 trillion. Based on the graph data, the U.S. gross domestic product is about--. a $100 billion b $750 billion c $3 trillion d $14 trillion (5) Brazil. and Italy both have a gross domestic product of about $2 trillion. You can infer from the graph that Brazil has--than Italy. a more goods and...
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