hard · Corporate Credit Analysis
In a sovereign credit review of 'Andalusia', the analyst notes a nominal GDP growth (g) of 4%, an effective interest rate (r) of 6%, and a primary balance (pb) of 1% (surplus).
If the debt-to-GDP ratio was 80% last year, what is the projected debt-to-GDP ratio for this year?
- 79.4%
- 80.6%
- 82.6%
- 81.0%
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