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July 23, 2014

Homework Help: Economics

Posted by Sarah on Monday, May 7, 2007 at 6:47pm.

What is the % of GDP is the national debt?

My Answer: The percentage of GDP is national debt is approx. 77%. Is this correct?

Please post the figures you're using for GDP and national debt.

I went and used the latest figure of Real GDP which was the third quarter of 2006 being $11,443,000,000,000.50, which came from the Economic Report of the President “Transmitted to the Congress February 2007.”

I used the current national debt as of May 4, 2007 being $8,816,009,655,724.63 which that information comes from the TreasuryDirect’s website.

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