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# At its highest point, what was the approximate ratio of fede

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At its highest point, what was the approximate ratio of fede [#permalink]  18 Jul 2018, 17:06
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52% (01:12) correct 47% (00:51) wrong based on 19 sessions
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At its highest point, what was the approximate ratio of federal debt held by the public to that held by federal government accounts?

(A) 1 : 1
(B) 2 : 1
(C) 5 : 1
(D) 8 : 1
(E) 12 : 1

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[Reveal] Spoiler: OA

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Re: At its highest point, what was the approximate ratio of fede [#permalink]  19 Jul 2018, 07:06
1
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Highest point occurs in $$1946$$
At this point the total is slightly above $$120$$ for convenience we can assume it as $$120$$
Now, to find Federal debt held by government we look at the black bar
It is slightly above the mid point of $$0$$ and $$20$$. At mid point it would be $$10$$ since it is slightly above mid point let us assume it as $$12$$.
Hence federal debt held by public would be $$120 -12 = 108$$
Therefore the ratio would be $$\frac{108}{12} = 9:1$$
approximately option D would be the closest.
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Re: At its highest point, what was the approximate ratio of fede [#permalink]  06 Aug 2018, 23:30
Did I do this right?- federal debt held by public approx 120% of GDP. Federal debt held by govt. approx. 15%
ratio is 120/15=8:1
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