Verizon LTE 10:31 PM 26% ezto.mheducation.com connect. Question 6 10.00 points R

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Verizon LTE 10:31 PM 26% ezto.mheducation.com connect. Question 6 10.00 points Refer to the figure below which depicts U.S. national debt: Federal State and local 3% Federal 15% 33% (a) What percentage of U.S. debt do foreigners hold? Instructions: Enter your response as a whole percentage. percent (b) If the interest rate on U.S. Treasury debt is 4 percent, how much interest do foreigners collect each year from the U.S. Treasury? (Assume a total debt of $18 trillion.) Instructions: Enter your response rounded to one decimal place. billion. eferences Boo& Resources Leaning Otiective 12- eal burden of

Explanation / Answer

Answer:- The percentage of U.S. debt held of Foreigners:- 33%

Reason:- The complete pie chart represents 100% as the foreign debt is 33% in the pie chart. Thus the percentage of U.S. debt held of Foreigners is 33%

Answer:- Total debt=$18 trillion

Foreign debt =$18 trillion*0.33=$5.94 trillion

Interest earned = 4% of $5.94 trillion =$ 0.2376 trillion=$237.6 Billion

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