The national debt is the sum of all past federal deficits minus the government expenditures or surplus. It’s less informative than the real GDP, a figure of the total value of all goods and services produced during a period or year, however both give information on the state of an economy, and it is good to look at many factors. The question for the assignment is a theoretical one – what is the best way to show a country’s economic worth?
It depends on how you look at the information. For example, how much a country owes (National Debt) or how much a country makes (Real GDP)? The national debt is be considered less informative than the GDP because knowing a country’s debt does not necessarily tell you how good or bad its state of economy.
It depends on how you look at the information. For example, how much a country owes (National Debt) or how much a country makes (Real GDP)? The national debt is be considered less informative than the GDP because knowing a country’s debt does not necessarily tell you how good or bad its state of economy.