The table below gives information on income and debt for a


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

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Business Economics: The table below gives information on income and debt for a
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