Asked by Santosh Poudel on May 05, 2024
Verified
Which statement is true?
A) The public debt is greater than our GDP.
B) The public debt has doubled over the past four years.
C) Over 50 percent of the outstanding public debt is owed by foreigners.
D) None of the statements are true.
Public Debt
The amount of federal securities outstanding, which represents what the federal government owes (the accumulation of federal deficits minus surpluses over the last two centuries).
GDP
Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Foreigners
Individuals or entities from one country that are located in or interacting with another country.
- Digest the expanse and effects of sovereign financial liabilities.
- Comprehend the relationship between the national debt, federal budget, and economic indicators.
Verified Answer
RS
randy severeMay 11, 2024
Final Answer :
C
Explanation :
According to the latest data from the U.S. Treasury Department, over 50 percent of the outstanding public debt is owed by foreigners. A is not true as the public debt stands at around 100% of GDP. B is not accurate as the debt has increased, but not doubled, over the past four years. D is not true as at least one statement is true.
Learning Objectives
- Digest the expanse and effects of sovereign financial liabilities.
- Comprehend the relationship between the national debt, federal budget, and economic indicators.