Business, 26.06.2020 21:01 Lydiaxqueen

Greece, Ireland, Portugal, and Spain all went through national budget difficulties in recent years. Use the data below to answer questions regarding the sovereign debts of these nationals. (all data comes from the OECD and is in billions of current US dollars) 2000 2010
debt GDP debt GDP
Greece 138 127 488 308
Ireland 34 98 104 206
Portugal 62 118 190 231
Spain 292 586 700 1420
a) Compute the debt to GDP ratio for all four nations in both 2000 and 2010.
b) Compute the average yearly budget deficit for each of the nations over the period.
c) Which of the four nations was in the worse fiscal shape in 2010? Use the above computations to justify the answer.

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Greece, Ireland, Portugal, and Spain all went through national budget difficulties in recent years....

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