The total public debt is more revelant to an economy than the public debt as a percentage of GDP. An internally help public debt is like a debt of the left hand owed to the right hand. The Federal Reserve and federal government agencies hold more than three-fourths of the public debt.
The total public debt is more revelant to an economy than the public debt as a percentage of GDP. An internally help public debt is like a debt of the left hand owed to the right hand. The Federal Reserve and federal government agencies hold more than three-fourths of the public debt.
Chapter17: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 8SQ
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True or False?
- The total public debt is more revelant to an economy than the public debt as a percentage of
GDP . - An internally help public debt is like a debt of the left hand owed to the right hand.
- The Federal Reserve and federal government agencies hold more than three-fourths of the public debt.
- The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2015 than it was in 2000.
- As a percentage of GDP, the total U.S. public debt is the highest such debt among the world’s advanced industrial nations.
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