In the Context of Developing Countries' External Debt, the "Debt

question 7

Multiple Choice

In the context of developing countries' external debt, the "debt service ratio" of a country Is the ratio of annual interest payments on the debt plus scheduled repayment of the debt (amortization) to the country's __________.

• A) exports of goods and services
• B) exports of services
• C) gross domestic product
• D) total external debt

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Definitions:

Thousandths

A decimal place three places to the right of the decimal point, representing parts of a thousand.

Number Expressed

A way of representing a quantity or value in terms of digits or symbols.

Thousandths

A fractional part in a series, representing one part out of a thousand.

Hundred-Thousandths

A decimal fraction represented as one part in a hundred thousand, indicating a very small quantity in precise calculations.