Need help with this. I gave the possible solutions, choose one for each empty space. Thanks! Net public debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2007, the netpublic debt as a percentage of total national debt was47.2%/50.5%/51.0%/55.3%In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) was26.8% / 26.1% / 24.7%/25.2%The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power ofAmericans. Between 2007 and 2020, the fraction of the national debt held by foreignersincreased/decreaseincreased/decreasedThe absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measuresof the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and theFederal Reserve) as a percentage of GDP. In 2007, publicly held debt wasof GDP. Between 2007 and 2020, publicly held debt as a30.7%/49.5%/44.7%/49.0%percentage of GDP 4. The public debt - OwnershipThe following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillionsof dollars.June 2007June 2020GDP(Trillions ofDollars)13.720.89Total NationalDebt(Trillions ofDollars)8.920.9Source: "U.S. Treasury, Bureau of Economic Analysis."Debt Held byFederalGovernmentand FederalReserve(Trillions ofDollars)4.79Debt Held Outside Fed. Govt. and Fed. ReserveForeign Ownership U.S. Ownership (ExternalNational Debt)(External National Debt)(Trillions of Dollars)(Trillions of Dollars)2.26.32.05.6

National Debt: The national debt is the aggregate of money that is owned by a government. It is…

4. The public debt - Ownership The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars. June 2007 June 2020 GDP (Trillions of Dollars) 13.7 20.89 Total National Debt (Trillions of Dollars) 8.9 20.9 Source: "U.S. Treasury, Bureau of Economic Analysis." Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) 4.7 9 Debt Held Outside Fed. Govt. and Fed. Reserve Foreign Ownership U.S. Ownership (External (External National Debt) National Debt) (Trillions of Dollars) (Trillions of Dollars) 2.2 6.3 2.0 5.6

4. The public debt - Ownership The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars. June 2007 June 2020 GDP (Trillions of Dollars) 13.7 20.89 Total National Debt (Trillions of Dollars) 8.9 20.9 Source: "U.S. Treasury, Bureau of Economic Analysis." Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) 4.7 9 Debt Held Outside Fed. Govt. and Fed. Reserve Foreign Ownership U.S. Ownership (External (External National Debt) National Debt) (Trillions of Dollars) (Trillions of Dollars) 2.2 6.3 2.0 5.6

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 3.8P

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