Which of the following statement is Not true?

559EconomicsMedium

AMiddle income countries account for almost four-fifths of the total outstanding debt of all LDCs

BThe ratio of debt service to GNP is very good indicator of the debt burden

CThe debt-burden of sub Saharan African countries may be as heavy as for middle income countries

DMany large LDC debtors borrowed heavily because of their excellent international credit ratings

Correct answer

B. The ratio of debt service to GNP is very good indicator of the debt burden

Explanation

The correct answer is The ratio of debt service to GNP is very good indicator of the debt burden.

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