The table below gives information on income and debt for a small nation for the years 2008 through 2011. The nation had average household debt of $35000 at the end of 2007. Use this information to fill in the blanks in the table below. Instructions: Round your dollar-based answers to the nearest dollar and your percentage answers to two decimal places.
Year |
Household income ($) |
Financial obligations ($) |
Financial obligations as % of income |
Household debt ($) |
Debt as % of income |
2008 |
38000 |
4200 |
|
|
|
2009 |
38000 |
4100 |
|
|
|
2010 |
40000 |
4800 |
|
|
|
2011 |
45200 |
6000 |
|
|