BUSN 5620 – During the first 224 years of the United States history
Question 1
During the first 224 years of the United States history, the country accumulated $5.7 trillion in national debt. Now less than 16 years later, the country’s debt is rapidly approaching $20 trillion. Visit the U.S. National Debt Clock, then click on the Treasury Department’s Bureau of Public Debt FAQ link. What do you find interesting about the debt issues, and what if anything concerns you? What would you do with this knowledge if you were a member of Congress or the president of the United States?
Question 2
Visit the National Economic Accounts section of the Bureau of Economic Analysis website at http://www.bea.gov/national/index.htm#gdp and open up the latest News Release on Gross Domestic Product (GDP). Investment is necessary to replace, modernize, and expand the nation’s production capacity. Find the paragraph that deals with real nonresidential fixed investment.
a.What was the percentage change in nonresidential fixed investment during the previous two quarters?
b. What does this tell you about what is happening to the country’s production possibilities curve?
