Question

Eastland’s government has a total national debt of $500 million, which is financed as follows: $100 million is held by other government agencies, $200 million is held by Eastland’s citizens, and $200 million is held by foreign citizens. The amount of public debt in Eastland is:

$500 million.

$400 million.

$300 million.

$100 million.

Answer 1

The amount of public debt in Eastland is $400 million.