Answer to Question #121240 in Macroeconomics for Amy Gonzalez

Question

Convert to ECONOMICAL

A. Given that Donald Trump has a net worth of $3.1 billion, how many of this person would per needed to pay off the debt of $22 trillion?

B. Find the GDP of the following country: Egypt
List the year of the GDP and a source, then figure out how many times bigger the national debt $22 trillion compared to this country’s GDP?

Answer 1

A) $\frac{22,000 b}{3.1 b}=7096.8$ of this person needed

B) GDP of Egypt in 2019 is 280 billion

$\frac{22,000b}{280 b}=78.57$ times bigger the national debt compared to Egypt GDP

 source:

https://tradingeconomics.com/egypt/gdp