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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This note was uploaded on 03/26/2012 for the course F1515 F1515 taught by Professor Stan during the Spring '10 term at Keller Graduate School of Management.

Ask a homework question - tutors are online