Question

Suppose the Treasury sells $10 billion worth of securities to the Social Security Administration and $15 billion to the general public. This sale added ________ billion to gross public debt and ________ billion to the debt held by the public.

Answer 1

Answer:

$25 billion and $15 billion

Explanation:

Given:

Social Security Administration = $10 billion

General public held = $15 billion

Computation of Total gross public debt :

Total gross public debt = Social Security Administration + General public held

Total gross public debt = $10 billion + $15 billion

Total gross public debt = $25 billion

Total gross debt held by public = $15 billion