Author Question: The difference between net public debt and gross public debt is A) all government interagency ... (Read 235 times)

jasdeep_brar · **on:** Jun 29, 2018

The difference between net public debt and gross public debt is

A) all government interagency borrowing.
B) the interest paid annually on the public debt.
C) the amount owed to individuals and firms outside the United States.
D) the current year's budget deficit from the amount of public debt at the start of the year.

Question 2

Suppose two countries have per capita real GDP of 20,000 in 2012. Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent. By 2015, the per capita real GDPs for the two countries, respectively, are (rounded)

A) 21,630 and 22,050.
B) 22,400 and 23,000.
C) 22,500 and 23,150.
D) 25,000 and 26,500.