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 net public debt as a percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) was The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2007 and 2020, the fraction of the national debt held by foreigners The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was of GDP. Between 2007 and 2020, publicly held debt as a percentage of GDP

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 net public debt as a percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) was The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2007 and 2020, the fraction of the national debt held by foreigners The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was of GDP. Between 2007 and 2020, publicly held debt as a percentage of GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Using the figures provided in Table 2, calculate the national debt as a percentage of GDP for 2008. 10.14% 59.86% 68.48% $28,333 $47,333 Table 2: Macroeconomic Summary 2008 2009 GROSS DOMESTIC PRODUCT $14,200,000,000,000 $13,800,000,000,000 EMPLOYED BUDGET SURPLUS/DEFICIT NATIONAL DEBT POPULATION POTENTIAL LABOR FORCE LABOR FORCE UNEMPLOYED $450,000,000,000 $1,400,000,000,000 $8,500,000,000,000 $9,450,000,000,000 300,000,000 305,000,000 250,000,000 255,000,000 157,000,000 154,500,000 148,000,000 140,000,000 9,000,000 14,500,000
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