Macroeconomics 6th Edition by Robert Hall,Marc Lieberman

Exercise 3

Suppose a country has the following statistics, in billions of units of currency, for the years shown.
Nominal national debt in 1990: 1.2
Nominal national debt in 2000: 13.8
Nominal GDP in 1990: 01.7
Nominal GDP in 2000: 552.2
Price index in 1990: 35.2
Price index in 2000: 113.3
a. Calculate the country's real debt and real GDP in 1990 and 2000.
b. Calculate real debt as a percentage of real GDP in 1990 and 2000.
c. Calculate nominal debt as a percentage of nominal GDP in 1990 and 2000.