13.9 Safe to install
"National Debt" is an informative and comprehensive app that offers valuable insights into the national debts of over 180 countries. This app not only presents real-time updates on the development of national debt but also provides a historical overview of its year-to-year progression.
One of the notable features of "National Debt" is its ability to display debt as a percentage of the gross national product, allowing users to understand the relative impact of the debt. Furthermore, users can visualize this data on an easy-to-use World Debt Map for a comprehensive understanding.
To provide users with a sense of scale, the app includes a unique feature that reveals what could be purchased with the national debt, such as equating it to the number of Iraq Wars. In fact, users can personalize and specify their own items in this comparison list.
Additionally, "National Debt" offers users the option to calculate the duration required to pay off the debt by inputting a specific daily payment amount. By also displaying the debt as a percentage of the gross national product, this app provides users with a comprehensive understanding of the economic implications.
The data utilized in "National Debt" is sourced from official figures provided by governments and is regularly updated to ensure accuracy. It is important to note that while the real-time numbers within the app are estimates, this information serves as an invaluable resource and should not be used to derive legally binding conclusions.
Overview
National Debt - USA & World is a Freeware software in the category Business developed by Caramba App Development.
The latest version of National Debt - USA & World is 13.9, released on 07/02/2024. It was initially added to our database on 10/18/2023.
National Debt - USA & World runs on the following operating systems: iOS.
Users of National Debt - USA & World gave it a rating of 5 out of 5 stars.
Pros
- Provides data and information on the national debt of both the USA and the world.
- Easy access to statistics and numbers related to national debt.
- Useful tool for those interested in economics, finance, or politics.
- Simple and user-friendly interface for easy navigation and understanding.
Cons
- Lacks advanced analysis or in-depth insights into the causes and implications of national debt.
- May not provide real-time or constantly updated information on national debt.
- Potential limitations in terms of data accuracy or reliability.
- Limited interactive features or customization options for users.
FAQ
What is National Debt?
National Debt refers to the total amount of money that a government has borrowed and not yet repaid.
How is National Debt measured?
National Debt is typically measured as a percentage of a country's Gross Domestic Product (GDP) or in absolute terms in the country's currency.
Why is National Debt important?
National Debt affects a country's economy, as high levels of debt can lead to higher interest payments, lower credit ratings, and potential economic instability.
Who does the USA owe money to?
The USA owes money to various entities including foreign governments, investors, and domestic agencies like the Social Security Trust Fund.
How does National Debt impact taxpayers?
National Debt can impact taxpayers through increased taxes, reduced government services, and decreased ability to respond to economic crises.
What are some ways countries try to reduce their National Debt?
Countries may reduce their National Debt through measures like increasing taxes, reducing government spending, and implementing economic reforms to stimulate growth.
What is the difference between National Debt and Budget Deficit?
National Debt is the total amount owed by the government over time, while Budget Deficit refers to the annual shortfall between government revenues and expenditures.
Is it possible for a country to eliminate its National Debt completely?
It is theoretically possible for a country to eliminate its National Debt, but it would require strong economic growth and disciplined fiscal policies over an extended period.
How does National Debt affect future generations?
High levels of National Debt can burden future generations with higher taxes, reduced government benefits, and limited resources for investments in areas like education and infrastructure.
What are the consequences of defaulting on National Debt?
Defaulting on National Debt can lead to severe economic repercussions like higher borrowing costs, loss of investor confidence, and potential recession.
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