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Exercise 14

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 Australia, the unit of currency is the Australian dollar, AUD or A$.

  • Population: 24.711 million people

  • National Debt: A$ 645.316 billion

  • Gross Domestic Product: A$ 1.927 trillion

  • Interest Payments per year: A$ 19.73 billion

Lee et al., Math in Society, §5.5 Federal Budget, Deficit and National Debt, Exercise 14

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Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.