en
Thinking Complexity
Kay Strong
17 Jan 2018, 02:07 PM
Chapters 2 › The exponential growth trap:
State debt and doubling time
View instructions
Hide instructions
State debt and doubling time
In October 2015, Bloomberg.com published an alarming article about France’s growing debt entitled “Government Debt in France and Italy Swells to Euro-Era Highs”. France’s national debt at the end of 2015 was 2096.9 billion euros. It had grown at an average rate of 5.76% since 1995. Based on these numbers, how long will France’s national debt take to double in size?
Hint: Use the formula for doubling time.
A worked solution is in the references section.
Government Debt in France and Italy
0
1
72/6%= ~12 years
