College Econ

The gross national debt initially is equal to $2.5 trillion and the federal government then runs a defict of $100 billion:

1. What is the new level of gross national debt?
2. If 100 percent of this deficit is financed by the sales of securities to the public, what happens to the level of debt held by the public? What happens to the the level of gross debt?

3. If GDP increases by 6 percent in the same year as the deficit is run, what happens to gross debt as a percentage of GDP? What happens to the level of debt held by the public as a percentage of GDP?

  1. 👍 0
  2. 👎 0
  3. 👁 177
asked by Janice

Respond to this Question

First Name

Your Response

Similar Questions

  1. economics grad level

    I cannot figure this our for the life of me!Assume that the gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion. What is the new level of gross national debt? What

    asked by queenie on August 10, 2009
  2. college-economics

    The gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion: total 5 questions. Confused, believe gross debt = all fed govt debt What is the new level of gross national

    asked by june on September 18, 2008
  3. Econonmics

    Assume that the gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion

    asked by Kevin on December 30, 2009
  4. Economics

    Assume that the gross national debt initially is equal to $3 trillion and the federal government then runs a deficit of $300 billion. i. What is the new level of gross national debt? Gross national debt is the total amount

    asked by Doret on January 8, 2011
  5. macroeconomics

    b. Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion: i. What is the new level of gross national debt? ii. If 100 percent of the deficit is

    asked by brian on July 28, 2013
  6. Economics

    assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. What is the new level of gross national debt

    asked by Karen on October 26, 2011
  7. Macroeconomics

    The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal

    asked by Jenny on April 14, 2008
  8. MATH 12

    Canada's national debt fluctuates. It is affected by financial markets (such as stock, bond, currency, and commodity markets), the gross domestic product (the gross value of all goods and services produced in the country), and the

    asked by hELP HELP HELP on March 6, 2014
  9. Macroeconimcs

    2. Suppose the national debt is $80 trillion and the government spends $800 billion during the fiscal year on goods and services. In addition, the government collects tax revenues of $600 billion and makes transfer payments equal

    asked by Tracy on March 25, 2017
  10. Macroeconomics

    Suppose the national debt is $80 trillion and the government spends $800 billion during the fiscal year on goods and services. In addition, the government collects tax revenues of $600 billion and makes transfer payment equal to

    asked by Tracy on March 25, 2017

More Similar Questions