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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 4
True or false? If false, explain why.
a. The total public debt is more relevant to an economy than the public debt as a percentage of GDP.
b. An internally held public debt is like a debt of the left hand owed to the right hand.
c. The Federal Reserve and federal government agencies hold more than three-fourths of the public debt.
d. The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2012 than it was in 2000.
e. As a percentage of GDP, the total U.S. public debt is the highest such debt among the world's advanced industrial nations.
a. The total public debt is more relevant to an economy than the public debt as a percentage of GDP.
b. An internally held public debt is like a debt of the left hand owed to the right hand.
c. The Federal Reserve and federal government agencies hold more than three-fourths of the public debt.
d. The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2012 than it was in 2000.
e. As a percentage of GDP, the total U.S. public debt is the highest such debt among the world's advanced industrial nations.
Explanation
Verified
Verified
a.
This statement is false. Although pu...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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