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Calculate the public debt for the economy Security Amount (in Billions) Treasury Bills $220 Corporate Bonds 140 Treasury Notes 80 Corporate Stock 200 US Savings Bonds 60 Treasury Bonds 100
Calculate the public debt for the economy
Security Amount (in Billions)
Treasury Bills $220
Corporate Bonds 140
Treasury Notes 80
Corporate Stock 200
US Savings Bonds 60
Treasury Bonds 100
Expert Solution
Computation of the public debt:-
Public debt= Treasury Bills + Treasury Notes + US Savings Bonds + Treasury Bonds
= $220 + $80 + $60 + $100
= $460 billion
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