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Exercise 13

Avg difficulty 2.5

For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).

  1. The debt to GDP ratio as a percentage.

  2. The amount of debt per person.

  3. The amount of interest paid per year per person.

In Poland, the unit of currency is the złoty, or zł.

  • Population: 38,492,299 people

  • National Debt: 1.223 trillion zł

  • Gross Domestic Product: 1.981 trillion zł

  • Interest Payments per year: 52.500 million zł

Lee et al., Math in Society, §5.5 Federal Budget, Deficit and National Debt, Exercise 13

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