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In June 2022 , Greece reported a Debt-to-GDP ratio of 185.4 % .Greece's GDP at the time was estimated at $ 202.8 billion. What was the total amount of the Greek National Debt in 2022?

User Inox
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Final answer:

The total Greek National Debt in 2022, based on a Debt-to-GDP ratio of 185.4% and a GDP of $202.8 billion, was approximately $376.19 billion.

Step-by-step explanation:

The student has asked about the calculation of the Greek National Debt based on a reported Debt-to-GDP ratio of 185.4% for June 2022, with Greece's GDP estimated at $202.8 billion at the time. To find the total national debt, we use the following formula:

Total National Debt = (Debt-to-GDP ratio / 100) × GDP

Applying the values:

Total National Debt = (185.4 / 100) × $202.8 billion

Total National Debt = 1.854 × $202.8 billion

Total National Debt = $376.1904 billion

Therefore, the total amount of the Greek National Debt in 2022 was approximately $376.19 billion.

User Hrshd
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