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4.5 Role of the state in the macroeconomy

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Question 1

In 2024, the Republic of Osteria recorded a total GDP of €1.85 trillion and a national debt of €2.294 trillion.

Calculate the Republic of Osteria's national debt in 2024 as a percentage of its GDP. Show your working.

[2]

4.5 Role of the state in the macroeconomy Questions

  1. A Level
  2. /Economics
  3. /4.5 Role of the state in the macroeconomy