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

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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.

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