DO 9. True or false? If false, explain why.30 a. The total public debt is more r
ID: 1127855 • Letter: D
Question
DO 9. True or false? If false, explain why.30 a. The total public debt is more relevant to an economy than the public debt as a percentage of GDP. b. An intermally held public debt is like a debt of the left hand owed to the right hand. 0. The Federal Reserve and Federal government agencies hold more than three-fourths of the public debt. d. The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2009 than it was in 2000. e. As a percentage of GDP, the total U.S. public debt is the highest such debt among the world's advanced industrial nations.Explanation / Answer
a.) The total public debt is more relevant to an economy than the public debt as a percentage of GDP
False
GDP is more important to any economy when compared to the public debt as the GDP determines the economy's growth. Therefore, public debt is defintiely not important when compared to the public debt as a percentage of GDP.
b) An internally held public debt is like a debt of the left hand owed to the right hand
True
c)The Federal Reserve and Federal government agencies hold more than three-fourths of the public debt
False
Foreigners hold more than three fourth of the public debt and neither the Federal Reserve nor the Federal Governement.
d)The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2009 than it was in 2000.
True
e.)As a percentage of GDP, the total U.S. public debt is the highest such debt among the world's advanced industrial nations
False
It is not the highest, once it was on the higher side but now it will be a very less percentage of GDP
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