Monday, July 18, 2011

Debt of the United States?

I looked up the rankings of debt for a few countries and it said that the debt for the US is 52.9% of the GDP. How can this be if the debt of the US is around $14.4 trillion, while the GDP is around $14.7 trillion. Wouldn't the number be closer to 100%? Can someone explain this to me? Thanks.

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