In absolute terms,sub-Saharan African total external debt
A) is nominally about the same as the amount of debt incurred by Latin American during the 1980s.
B) is nominally about the same as the amount of debt incurred by Asia during the 1990s.
C) measured as a share of GDP, is only a fraction of the amount of debt incurred by Latin American during the 1980s.
D) has much higher debt-service ratios than Latin American ratios in the 1980s.
E) has almost entirely been cancelled by the World Bank and IMF since 2005.

Question

Quizplus · Accepted Answer

The text states that sub-Saharan African total external debt has higher debt-service ratios than Latin American ratios in the 1980s. The other options are incorrect: A is false because it compares sub-Saharan African debt to Latin American debt in nominal terms; B is false because it compares sub-Saharan African debt to Asian debt in nominal terms; C is false because it compares sub-Saharan African debt to Latin American debt as a share of GDP, rather than in absolute terms; and E is false because the text does not mention that sub-Saharan African debt has been cancelled entirely by the World Bank and IMF since 2005.

In Absolute Terms,sub-Saharan African Total External Debt