3. What's the level of net public debt (for federal, state, and local governments) relative to U.S. GDP? How does t...

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3. Whats the level of net public debt (for federal, state, and local governments) relative to U.S. GDP? How does the U.S. me

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Answer 1

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As per the latest reports by the U.S. Bureau of Public Debt, the US net public debt to GDP ratio in 2017 was close to 105.4%

This means the US net public debt exceeded its GDP.

As compared to other major economies like UK, China, US holds the highest net public debt as a percentage of GDP. However, US is preceded by Japan having the highest ratio (more than 200%)

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Answer 2

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3. What's the level of net public debt (for federal, state, and local governments) relative to U.S. GDP? How does t...

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