4. The public debt - Ownershlp The folowing table contains approximate figures f

Question

4. The public debt - Ownershlp The folowing table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2001 and June 20:0. The national debt represents the total amount of money owed by the federal government to holders of U.s. securities. All numbers are in trilions of dollars Tetal National Debt Held Outside Fed. Govt. and Fed. Debt Held by Federal (Triltions of Trillions of Dollars) Foreign Ownership Trillions of Dollars) U.S. Ownership (Trillions of Dolars) and Federal Trilions of Dellars) 3.0 une 2010 13.2 Publidy held debt is the the n national debt that is held outside the federal govermment and the Federal Reserve System. In June 2001, the publidy heid debt as a percentage of total national debt was In June 2001, the percentage of the U.S. national debt held by foreigners was The fraction of the national debt held by foreigners wil eventually need to be repaid to foreigners, thereby Americans. between 2001 and 2010, the fraction of the national debt held by foreigners reducing the collective purchasing power of Fal 2017 Econ 201 Sepa MacBook Air 5

Explanation / Answer

4. In June 2001, the publicly held debt as a percentage of total national debt was 29.8%.     [1.7/5.7 x 100].

In June 2001, the percentage of national U.S. national debt held by foreigners was 17.5%

[1.0/5.7 x 100]

Between 2001 and 2010, the fraction of the national debt held by foreigners was 40%.                

[(4 - 1)/(13.2 – 5.7) x 100].

In 2001, publicly held debt was 16.8% of GDP. Between 2001 and 2010, publicly held debt as a percentage of GDP was 65.9%.

[2001: 1.7/10.1 x 100] – [2001-2010: (4.6 - 1.7)/14.5 - 10.1) x 100].

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