In recent years, net interest on the national debt paid by the federal government as a percentage of GDP is equal to approximately:
a. 1 to 3 percent.
b. 5 to 9 percent.
c. 10 to 14 percent.
d. 15 to 19 percent.
e. 20-25 percent.
Question 2
Which of the following transactions would be excluded in the capital account?
a. A Japanese citizen purchases a U.S. Treasury bill.
b. A Japanese citizen purchases an office building in Manhattan.
c. A U.S. citizen purchases a share of stock from a Japanese company.
d. An American purchases a Toyota.
