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Because more is spent than there actually is.
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∙ 11y agoThis answer is:
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Earn +20 ptsQ: Why debt is higher than budget in GDP?
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Related questions
What are two ways the debt-to-GDP ratio can decrease?
The debt can be repaid, or the GDP can grow faster than the debt.
How does increasing the GDP help a country?
It helps as it stops our country from being in debt so the higher the Gross Domestic Product (GDP) the lower chance of this country being in debt :)
How is debt-to-GDP ratio calculated?
(primary balance/GDP)*100 .GDP decreases. Debt increases.
What are two ways the debt-to-GDP ratio increase?
debt increases and GDP decreases.
What are two ways the debt to GDP ratio can increase?
GDP Decreases and Debt Increases
Should the real GDP rate of growth be higher than the nominal GDP growth?
no
Is the total public debt more relevant to an economy than the public debt as percentage of GDP?
The public debt as a percentage of real GDP in the United States is neither particularly high or low relative to such debt percentages in other advanced industrial nations.
US GDP is higher than Mexico?
Yes, by a lot:Mexico GDP: USD$1.56 trillionUS GDP: USD$14.26 trillion (more than 9 times the size of Mexico's GDP).
If a country's debt-to-GDP ratio is 119 the country is producing more than it is borrowing.?
false
is a county's debt-to-GDP ratio is 142%, the country is borrowing more than it is producing?
true
If a country's debt-to-GDP is currently 25%and its debt is expected to grow from $16 trillion to $20 trillion in the next ten years, what will be the country's GDP have to be in 10 years to maintain the current debt-to-GDP ratio?
80 trillion
Debt-to-GDP ratio - Portugal?
30%
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