Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the https://www.usdebtclock.org/ site to help gather the required information for the discussion. Follow these instructions for finding what you need: ----------------- The website may

Use the https://www.usdebtclock.org/ site to help gather the required information for the discussion.

Follow these instructions for finding what you need: ----------------- The website may seem overwhelming as it contains many different figures and metrics of our economy. The area you need to focus on for this assignment is located in the upper left-hand corner.

The photo below should help guide you.

first paragraph should answer the following... What is the current U.S. National Debt (report in Trillions (T)? What would be your portion of the National Debt? What percentage of GDP is the U.S. National Debt? In your opinion: Is this amount alarming? Should there be any cause for concern? Will the U.S. ever pay off its debt?

Your second paragraph should answer the following... Now click on the World Debt Clock link (top arrow above), then select one country to report on. What country did you pick? What is their National Debt? How does this country's National Debt and GDP compare with the United States? What did you notice while looking at these numbers? Has it changed your perspective on countries accumulating National Debt? Is this a problem that could ever be resolved?

image text in transcribed
RT CLOCK OTA State Debt Clocks World Debt Clocks US NATIONAL DEBT DEBT PEDAL- CITIZEN DERT DED TAYDAYER $28,939,272,724,528 06 924 $229 705 US FEDERAL SPENDING (OFFICIAL) US FEDERAL BUDGET DEFICIT (OFFICIAL) $6,839,728,697,043 $2,790,662,499,613 US FEDERAL SPENDING (ACTUAL) US FEDERAL BUDGET DEFICIT (ACTUAL) $7,007, 168,449, 180 $2,958, 102,253,905 US FEDERAL DEBT TO GDP RATIO 1960. 52.26% 1980. 34.69% 2000. 55.76% NOW. 125.95%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

8th Edition

1305971507, 9781305971509

More Books

Students also viewed these Economics questions

Question

What are deductible expenses for taxpayers who itemize?

Answered: 1 week ago

Question

Develop a preliminary focus for your research.

Answered: 1 week ago

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago