Specifically, find recent data for per capita GDP and government debt-to-GDP ratio.
Based on the data collected, do you think that debt is a problem faced by economically advanced countries, undeveloped countries, or both? Justify your answer.
The United States government has a 100% repayment rate—it has always repaid its debt. Given what we know about risk and return, do you think the USA is generally charged high or low-interest rates on borrowing money? Similarly, do you think Iraq (a poor and economically unstable country) is likely to pay high or low-interest rates on loans?
Explain the concept of “crowding out”. Based on the data collected, which of these countries likely has the most extensive “crowding out”? ExplainIn 2-3 paragraphs (about 1 page) address the question listed above.