true or False and why our national debt is approaching the size of our GDP.
True
Explanation: The national debt is approaching $22 trillion and is almost equal to the GDP. The main reason the debt is increasing is accumulated fiscal deficits and high interest payments on the debt.
true or False and why our national debt is approaching the size of our GDP.
Which of the following statements is true? - The size of the national debt is not as important as whether that money is spent wisely - All of the answers are correct - A good measure of the debt burden is the debt-to-GDP ratio - None of the answers are correct - The size of the national debt is not as important as the ability of the government to repay it
): Suppose GDP is $1,000 billion, the national debt last year was $500 billion, the interest rate paid on government debt is 7%, and GDP is growing by 5% per year. a. If the goal of the government is to hold the debt-GDP ratio constant, what must be the size of the primary surplus and the size of total budget surplus? Explain your answer. b. Suppose the interest rate paid on government debt were to decrease to...
which of these statements is true about the us national debt? two thirds of the debt is held domestically 1st attempt Which of these statements is true about the U.S. national debt? Choose one: O A. The ratio of publicly held debt to GDP is the smallest in the world. OB. The ratio of publicly held debt to GDP is the highest in the world. O C. Most of the debt is owed to foreigners. O D. Annual interest payments...
7. The national debt is the total amount owed by the federal government. True or false, A. True B. False 8. Most economists would place the costs of food for soldiers in the: A. operating budget. B. entitlement budget. C. capital budget.
The first observations that gave us a sense of the true size of our Milky Way Galaxy and the location of the sun in it were those of open clusters. TRUE OR FALSE? The first observations that gave us a sense of the true size of our Milky Way Galaxy and the location of the sun in it were those of open clusters. Select one: OTrue False
The first observations that gave us a sense of the true size of our Milky Way Galaxy and the location of the sun in it were those of open clusters. TRUE OR FALSE? The first observations that gave us a sense of the true size of our Milky Way Galaxy and the location of the sun in it were those of open clusters. Select one: OTrue False The first observations that gave us a sense of the true size of...
6-3 What is more important, the absolute size of government debt in dollars or the per cent of GDP that the debt represents? Why? (two sentence limit)
The big trade-off is between efficiency and equity. True False The current approximate debt-to-GDP ratio is (2018): 105% 379% 234% 77% Milton Friedman argued: drugs should be legalized. drugs should be illegal. that drugs were destroying the U.S. economy and they should be stopped at all costs. that drug laws should be strengthened. The fallacy of composition is an expression that means "other things being equal." a statement about the way the economic world ought to be. the error of...
1) True or False. If False, supply a reason. a) The GDP deflator ensures that we are comparing the same quantity of goods and services. b) A higher GDP always means a greater level of well-being c) We need the exchange rate because different countries have different populations. d) The value of the deflator for the base year in percentage terms is 100. e) Contractual rights reduce the risks of our transactions 3) Consider the following table tracking changes in...
Explain what is meant by national debt. state one reason why the national debt is a burden to a country