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4.5 Role of the state in the macroeconomy

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Question 14

During a fiscal review, the Republic of Vesperia recorded a nominal Gross Domestic Product (GDP) of €2.80 trillion and a total outstanding national debt of €3.15 trillion.

Calculate Vesperia's national debt as a percentage of its GDP. Show your working.

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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