2 ms·
GDP isn't your income, tax receipts are. Tax receipts as a percentage of GDP are about ~25%, so 100% debt/GDP is 4 years worth of debt, not 1.
by gd1 13y ago
GDP isn't your income, tax receipts are. Tax receipts as a percentage of GDP are about ~25%, so 100% debt/GDP is 4 years worth of debt, not 1.