Author Question: Most of the U.S. national debt is owed to ____. Thus a rising national debt implies that there will ... (Read 109 times)

wenmo · **on:** Jun 30, 2018

Most of the U.S. national debt is owed to ____. Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of ____.
a. foreigners; foreigners
b. other U.S. citizens; bondholders
c. foreigners; those needing government services
d. other U.S. citizens; those needing government services

Question 2

Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
a. capital inflow. b. capital outflow.
c. current account outflow. d. unilateral transfer.