Week 3 Bonds 1 - Also this ranks the United States as...

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The article below sums up this answer perfectly. America’s debt has increased 50% between 2000 and 2007 from $6 to $9 trillion. The GDP is debt as a percent of the total country’s production. In 1988 the United States debt was 51% of GDP. It has since increased to 83% of $14.4trillion GDP.
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Unformatted text preview: Also, this ranks the United States as having the largest debt in the world. In fact since the U.S. is such a large customer to China and Japan they have allowed them to continue to run up such an enormous tab buying exports. Source: http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm...
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