The national debt percentage of GDP of the US when compared to UK.

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Chapter 23, Problem 9SQ

To determine

The national debt percentage of GDP of the US when compared to UK.

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A: What is the difference between a deficit and the national debt. B: What do we mean by The Crowding Out Effect? C: Using graphs for support, explain how increases in the budget deficit result in larger trade deficits. D: In 1988 interest on the national debt was $214 billion and in 2018 it was $532 billion. In 1988 10% of the interest was paid to the foreign sector and in 2018 28% was paid to the foreign sector. In percentage terms, how much did interest paid to the foreign sector increase between 1988 and 2018?

Which of the following owns the largest proportion of the national debt? a. foreigners b. federal, state, and local governments and the Federal Reserve c. private individuals, banks, and corporations d. foreign governments

What is the difference between the federal budget deficit and the national debt? a. The budget deficit is the amount by which expenditures exceed revenues in a particular year, while the national debt is the cumulative effect of all past budget deficits and surpluses. b. The budget deficit is the cumulative effect of all prior national debts. c. The national debt includes all outstanding bonds, while the budget deficit excludes bonds held by government agencies. d. This is a trick question because there is no difference between the budget deficit and the national debt.