&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlewar.. M Gmail News Translate C Student Home D21 D2L Homework Schiller 16e Ch 12 i Saved Help Save & E Check Federal Government 25 Federal Social State and local points agencies Security governments Federal 13% 15% 3% eBook reserve 15% References 22% U.S. Private Sector 33% Foreigners Instructions: In part a, enter your response as a whole percentage. In part b, enter your response rounded to one decimal place. a. What percentage of U.S. debt do state and local governments hold? 3 percent b. If the interest rate on U.S. Treasury debt is 4.5 percent, how much interest do state and local governments collect each year from the U.S. Treasury? (Assume a total debt of $21 trillion.) $ billion Prey. 1 of 2 Next > Gra Hill MacBook Pro