Answered: There is more than $28 million worth of…

There is more than $28 million worth of gold (at 2014 prices) in each cubic kilometer of seawater. Why don’t we remove some of it and pay off the national debt?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter20: Exchange Rates And The Macroeconomy

Section: Chapter Questions

Problem 5DQ

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There is more than $28 million worth of gold (at 2014 prices) in each cubic kilometer of seawater. Why don’t we remove some of it and pay off the national debt?

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