Net public debt is the portion 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 percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) 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 2020, 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 of GDP. Between 2007 and 2020, publicly held debt as a percentage of GDP

Net public debt is the portion 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 percentage of total national debt was In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) 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 2020, 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 of GDP. Between 2007 and 2020, publicly held debt as a percentage of GDP

ENGR.ECONOMIC ANALYSIS

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

Net public debt is the portion 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 percentage of total national debt was
In June 2007, the percentage of the U.S. national debt held by foreigners (external national debt) 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 2020, 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
of GDP. Between 2007 and 2020, publicly
held debt as a percentage of GDP

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 (Trillions of
Dollars)
Dollars)
13.7
Total
National
Debt
20.89
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 (External U.S. Ownership (External
National Debt)
National Debt)
(Trillions of Dollars)
(Trillions of Dollars)
2.2
6.3
2.0
5.6

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