Question
How is it possible that the U.S. government's interest payments on the U.S. national debt this year (1.6% of Year 2022 GDP) are half of
How is it possible that the U.S. government's interest payments on the U.S. national debt this year (1.6% of Year 2022 GDP) are half of what they were 30 years ago in 1991 as a percentage of GDP (3.2% of Year 1991 GDP) despite the fact that the national debt as a percentage of GDP is this year approximately three times larger than it was in 1991?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
