As a percentage of GDP, the national debt consistently (A) rose from 1975 to 1995.
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What is the national debt?</h3>
- The public debt consists of both public and intragovernmental debt.
- The public holds the majority of the debt (more than $23.5 trillion).
- Treasury bills, notes, and bonds owned by US investors, the Federal Reserve, and foreign governments are included.
- From 1975 to 1995, the national debt continually increased as a percentage of GDP.
- A debt-ridden country will have less money to invest in its own future.
- Americans will have fewer economic opportunities as their debt levels rise.
- Rising debt discourages company investment and stifles economic progress.
- It also raises the anticipation of increased inflation rates and erodes faith in the US dollar.
Therefore, as a percentage of GDP, the national debt consistently (A) rose from 1975 to 1995.
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Answer:
8.3%
Explanation:
The rate of unemployment is calculated by dividing the number of unemployed people by the total labor force multiplied by 100.
i.e., unemployment rate = unemployed/ labor force x 100.
the labor force = employed people + unemployed people
For Utopia, labor force is 55 + 5 = 60
Unemployment rate
= 5/60 x 100
=0.0833 x 100
=8.3%
Answer
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