Question: Table shows the total external debt for a few nations. However, in comparing total debt among nations, such a gross comparison may be a bit deceptive. Countries with larger populations may be better able to repay a given amount of debt than a country with a smaller population. First, using the total debt values from Table, rank the countries from 1 to 14, using 1 for the country with the highest total debt and 14 for the country with the lowest total debt.
Then, find the total population for each country from www.worldbank.org or some other source and calculate per capita external debt. Then rank the countries by debt per person, using 1 for the country with the highest debt per person and 14 for the country with the lowest debt per capita. How do the rankings for total debt differ from the rankings for debt per capital?
