Unlike households, governments are often able to sustain large debts. For example, in 2013, the U. S. government's total debt reached S17.3 trillion, approximately equal to 101.6% of GDP. At the time, according to the U. S. Treasury, the average interest rate paid by the government on its debt was 2.0%. However, running budget deficits becomes hard when very large debts are outstanding. Calculate the dollar cost of the annual interest on the government's total debt assuming the interest rate and debt figures cited above. $3.56 billion $356 billion $534 billion $178 billion
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Unlike households, governments are often able to sustain large debts. For example, in 2013, the U. S. government's total debt reached S17.3 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Unlike households, governments are often able to sustain large debts. For example, in 2013, the U. S. government's total debt reached S17.3 trillion, approximately equal to 101.6% of GDP. At the time, according to the U. S.