Need help with this. I gave the possible solutions, choose one for each empty space. Thanks! **Understanding National Debt Statistics****Net Public Debt**: This is the part of the national debt held *outside* the federal government and the Federal Reserve System. As of June 2007, net public debt represented:- **Answer**: 47.2% - Options: 47.2%/50.5%/51.0%/55.3%**Debt Held by Foreigners**: In June 2007, the portion of the U.S. national debt held by foreigners (external national debt) was:- **Answer**: 26.8%- Options: 26.8%/26.1%/24.7%/25.2%The share of national debt held by foreigners must eventually be repaid, reducing Americans' purchasing power. From 2007 to 2020, this fraction:- **Answer**: Increased - Options: Increased/Decreased**Publicly Held Debt as GDP**: Economists use relative measures like federal debt held by the public (excluding the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was:- **Answer**: 30.7% - Options: 30.7%/49.5%/44.7%/49.0%From 2007 to 2020, publicly held debt as a percentage of GDP:- **Answer**: Increased - Options: Increased/DecreasedThis breakdown of debt figures offers insights into how national financial obligations interact with global economic factors and impact the overall fiscal health of a nation. **4. The Public Debt - Ownership**The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.| | GDP (Trillions of Dollars) | Total National Debt (Trillions of Dollars) | Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) | Debt Held Outside Fed. Govt. and Fed. Reserve ||----------------------|----------------------------|--------------------------------------------|--------------------------------------------------------------------------|----------------------------------------------|| | | | | Foreign Ownership (External National Debt) | U.S. Ownership (External National Debt) || June 2007 | 13.7 | 8.9 | 4.7 | 2.2 | 2.0 || June 2020 | 20.89 | 20.9 | 9 | 6.3 | 5.6 |**Source:** "U.S. Treasury, Bureau of Economic Analysis."

National Debt: The national debt is the aggregate of money that is owned by a government. It is equivalent to the sum of all budget deficits adding interest accrued less the sum of budget surpluses. Percentage of the total national debt: => (Foreign ownership+US ownership)/Total national debt * 100 % of national debt in 2007 = (2.2+2.0)/8.9 *100 = 47.2% Net public debt is the part of the national debt that is held outside the federal government and the Federal Reserve System. In June 2007, the net public debt as a % of total debt was 47.2%. The percentage of US national debt held by foreigners can be computed as follows: % of foreign national debt in 2007 = Foreign ownership / total national debt *100 = 2.2/8.9*100 = 24.72%Fraction of the national debt held by foreigners in 2007 => foreign ownership/total national debt = 2.2/8.9 = 0.25 or 1/4 Fraction of the national debt held by foreigners in 2020 => 6.3/20.9 = 0.30 Fraction of national debt held by foreigners increases by 0.25 to 0.30.Net public debt in 2007 = (Foreign ownership+US ownership)/GDP *100 = (2.2+2.0)/13.7 = 32% Net public debt in 2020 = (Foreign ownership+US ownership)/GDP *100 = (6.3+5.6)/20.89 = 56.96% Thus, in 2020, net public debt was 56.96 % of GDP. And in 2007 the net public debt is 32%. Therefore, between 2007 and 2020, net public debt as a % of GDP increased.

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4. The public debt - Ownership The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars. June 2007 June 2020 GDP (Trillions of Dollars) 13.7 20.89 Total National Debt (Trillions of Dollars) 8.9 20.9 Source: "U.S. Treasury, Bureau of Economic Analysis." Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) 4.7 9 Debt Held Outside Fed. Govt. and Fed. Reserve Foreign Ownership U.S. Ownership (External (External National Debt) National Debt) (Trillions of Dollars) (Trillions of Dollars) 2.2 6.3 2.0 5.6

4. The public debt - Ownership The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars. June 2007 June 2020 GDP (Trillions of Dollars) 13.7 20.89 Total National Debt (Trillions of Dollars) 8.9 20.9 Source: "U.S. Treasury, Bureau of Economic Analysis." Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) 4.7 9 Debt Held Outside Fed. Govt. and Fed. Reserve Foreign Ownership U.S. Ownership (External (External National Debt) National Debt) (Trillions of Dollars) (Trillions of Dollars) 2.2 6.3 2.0 5.6

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Need help with this. I gave the possible solutions, choose one for each empty space. Thanks!

**Understanding National Debt Statistics**

**Net Public Debt**: This is the part of the national debt held *outside* the federal government and the Federal Reserve System. As of June 2007, net public debt represented:
- **Answer**: 47.2%
- Options: 47.2%/50.5%/51.0%/55.3%

**Debt Held by Foreigners**: In June 2007, the portion of the U.S. national debt held by foreigners (external national debt) was:
- **Answer**: 26.8%
- Options: 26.8%/26.1%/24.7%/25.2%

The share of national debt held by foreigners must eventually be repaid, reducing Americans' purchasing power. From 2007 to 2020, this fraction:
- **Answer**: Increased
- Options: Increased/Decreased

**Publicly Held Debt as GDP**: Economists use relative measures like federal debt held by the public (excluding the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was:
- **Answer**: 30.7%
- Options: 30.7%/49.5%/44.7%/49.0%

From 2007 to 2020, publicly held debt as a percentage of GDP:
- **Answer**: Increased
- Options: Increased/Decreased

This breakdown of debt figures offers insights into how national financial obligations interact with global economic factors and impact the overall fiscal health of a nation.

**4. The Public Debt - Ownership**

The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2007 and June 2020. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.

| | GDP (Trillions of Dollars) | Total National Debt (Trillions of Dollars) | Debt Held by Federal Government and Federal Reserve (Trillions of Dollars) | Debt Held Outside Fed. Govt. and Fed. Reserve |
|----------------------|----------------------------|--------------------------------------------|--------------------------------------------------------------------------|----------------------------------------------|
| | | | | Foreign Ownership (External National Debt) | U.S. Ownership (External National Debt) |
| June 2007 | 13.7 | 8.9 | 4.7 | 2.2 | 2.0 |
| June 2020 | 20.89 | 20.9 | 9 | 6.3 | 5.6 |

**Source:** "U.S. Treasury, Bureau of Economic Analysis."

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