As announced by the Ministry of Finance in January 2021, external debt as a ratio to GDP stood at ______ at the end of September 2020.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 21.6%.
1. An indicator of how much a country owes in debt and how much it generates to service that debt is the debt-to-GDP ratio.
2. It is expressed in percentage.
3. It fell to 19.9% by the end of March 2022.