Economy X has total government debt of $40,000 and Nominal GDP 60,000. Economy Y has total government debt of $32,000 and Nominal GDP 16,000. (Hint: Economy X is more like the United States; Economy Y is more like Greece in 2011.)

a. X has a more severe debt problem than Y.
b. Y has a more severe debt problem than X.
c. X and Y are equal in terms of their debt situation.
d. More information is needed to answer this question.