Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2007, the publicly held debt as a percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners was The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2007 and 2011, the fraction of the national debt held by foreigners The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was held debt as a percentage of GDP of GDP. Between 2007 and 2011, publicly 6. 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 2011. 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. Total National GDP (Trillions of Dollars) Debt (Trillions of Dollars) Debt Held by Debt Held Outside Fed. Govt. and Fed. Reserve Federal Government Foreign Ownership U.S. Ownership and Federal (Trillions of Reserve (Trillions of Dollars) (Trillions of Dollars) June 2007 13.7 June 2011 15.2 Source: "U.S. Treasury, Bureau of Economic Analysis." Dollars) 8.9 4.7 2.2 2.0 14.3 4.6 4.5 5.2
Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2007, the publicly held debt as a percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners was The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2007 and 2011, the fraction of the national debt held by foreigners The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was held debt as a percentage of GDP of GDP. Between 2007 and 2011, publicly 6. 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 2011. 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. Total National GDP (Trillions of Dollars) Debt (Trillions of Dollars) Debt Held by Debt Held Outside Fed. Govt. and Fed. Reserve Federal Government Foreign Ownership U.S. Ownership and Federal (Trillions of Reserve (Trillions of Dollars) (Trillions of Dollars) June 2007 13.7 June 2011 15.2 Source: "U.S. Treasury, Bureau of Economic Analysis." Dollars) 8.9 4.7 2.2 2.0 14.3 4.6 4.5 5.2
Chapter12: Federal Budgets And Public Policy
Section: Chapter Questions
Problem 3.8P
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Transcribed Image Text:Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2007, the
publicly held debt as a percentage of total national debt was
In June 2007, the percentage of the U.S. national debt held by foreigners was
The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of
Americans. Between 2007 and 2011, the fraction of the national debt held by foreigners
The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative
measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal
government and the Federal Reserve) as a percentage of GDP. In 2007, publicly held debt was
held debt as a percentage of GDP
of GDP. Between 2007 and 2011, publicly
Transcribed Image Text:6. 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
2011. 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.
Total National
GDP
(Trillions of
Dollars)
Debt
(Trillions of
Dollars)
Debt Held by
Debt Held Outside Fed. Govt. and Fed.
Reserve
Federal
Government
Foreign Ownership
U.S. Ownership
and Federal
(Trillions of
Reserve
(Trillions of
Dollars)
(Trillions of
Dollars)
June 2007
13.7
June 2011
15.2
Source: "U.S. Treasury, Bureau of Economic Analysis."
Dollars)
8.9
4.7
2.2
2.0
14.3
4.6
4.5
5.2
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