1. How much is the U.S. government debt? Who do we borrow from? The debt is...
1. How much is the U.S. government debt? Who do we borrow from? The debt is expected to continue growing. Do you see any concerns with this?
2. What are the measures of money? How much money (US dollars) are in circulation? Discuss the functions of money in our society?
Homework Answers
Question 1
As per the latest reports of 2017, US government debt stands at $22 trillion.
The government borrows from public, World bank, and partner countries which they have deals with.
This debt seems to be growing. They are obviously concerns that are there-
- Fall in economic system of US
- Vicious circle of debt-Interest trap
- Economy slowdown and possibility of recession.
These are few concerns that should be addressed while taking more loans and increasing spending.
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1. How much is the U.S. government debt? Who do we borrow from?
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