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International Journal of Innovation and Research in Educational Sciences

Investigating the GDP and the National Debt of a Country and Exploring the Cases when the National Debt of the Country will Exceed its GDP

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Year:
2017
Type of Publication:
Article
Keywords:
Data Modelling using Differential Equations, GDP of USA, Mathematical Analysis of Economic Data Using Functions and Software, National Debt of USA
Authors:
  • Mathur, Anmol
Journal:
IJIRES
Volume:
4
Number:
3
Pages:
354-359
Month:
May
ISSN:
2349-5219
BibTex:
Note:
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. CC BY-NC-SA 4.0 Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/
Abstract:
News about national debt often goes uncommunicated and may also sound absurd and totally unrelated to the general masses of a country, yet it has great significance on our lives, in terms of how it can impact us. In simple terms, interest payments on the national debt are potentially burden to a country. Hence, we might consider that essentially, what matters is the size of the interest burden (which depends on the national debt) on the country and how it compares with the country’s economy (which can be measured by country’s GDP). This exploration is aimed to investigate the relationship between the GDP of a country and its national debt and even try to find the cases when it will be possible for a nation’s debt to exceed its GDP.

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