ncesMcGrawH.URefer to the figure below depicting U.S. national debt, and then answer two questions.Federalreserve11%ForeignersFederal Government1°FMostly clearFederalagencies13%29%SocialSecurity12%32%State and local-governments3%U.S. Private SectorInstructions: Enter your responses as a whole number.a. What percentage of U.S. debt do foreigners hold?percentb. If the interest rate on U.S. Treasury debt is 3 percent, how much interest do foreigners collect each year from the U.S. Treasury?(Assume a total debt of $23 trillion.)$billionQ Search< Prev9

The debt held by a country is the sum of all the liabilities it holds, be it from foreign loans or…

Instructions: Enter your responses as a whole number. a. What percentage of U.S. debt do foreigners hold? percent b. If the interest rate on U.S. Treasury debt is 3 percent, how much interest do foreigners collect each year from the U.S. Treasury? (Assume a total debt of $23 trillion.) billion

Instructions: Enter your responses as a whole number. a. What percentage of U.S. debt do foreigners hold? percent b. If the interest rate on U.S. Treasury debt is 3 percent, how much interest do foreigners collect each year from the U.S. Treasury? (Assume a total debt of $23 trillion.) billion

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.5: Should The Government Balance Its Budget?

Problem 5QQ

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