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We discussed in class that 5.1% of the government expenditures in 2021 went towards "net interest". In 2022, the total amount of government debt was lower and interest rates were lower , which means that that total amount of interest that the government needed to pay in 2022 was likely lower in dollar terms. Interest Payments as Percent of GDP E Going here we see that in 2021 borrowing interest/GDP was 1.51% and in 2022 it was 1.86% Debt/GDP E This shows that in Q3 of 2021 the debt/GDP was 120.7% and in Q3 of 2022 it was 120.2% Use these two sets of stats above to calculate the US' average cost of borrowing (intere [ Select ] 0.64% 1.55% 2021: 1.83% 2.61% 2022: [ Select ]