(a) What percentage of U.S. debt do foreigners hold? (See Figure 12.4.) (b) If the interest rate...

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(a) What percentage of U.S. debt do foreigners hold? (See Figure 12.4.)

(b) If the interest rate on U.S. Treasury debt is 4 percent, how much interest do foreigners collect each year from the U.S. Treasury? (Assume a total debt of $18 trillion.)

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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