2. Economics
3. 3 greece ireland portugal and spain all went through national...

# Question: 3 greece ireland portugal and spain all went through national...

###### Question details

3) Greece, Ireland, Portugal, and Spain all went through national budget difficulties in recent years, use the data below to answer questions regarding the sovereign debts of these nations (All data is in billions of current US dollars)

 2008 2018 Debt GDP Debt GDP Greece $138$            127 $502$                 304 Ireland $34$               98 $109$                 200 Portugal $62$             118 $200$                 231 Spain $292$             586 $700$              1,620

a. compute the debt-to-GDP ratio for all four nations for 2018

b. Compute the average yearly budget deficit for each of the nations over this period.

c. In your judgment, which of the four nations was in the worse fiscal shape in 2018? Use your computations from above to justify your answer.