5th - 8th CCSS: Adaptable. Young mathematicians dive into the number line to discover decimals and how the numbers infinitely get smaller in between. They click the zoom button a few times and learn that the number line doesn't just stop at integers. Includes a...
It is clear that the difference between gross and net debt is very large for some countries. While Japan looks like an outlier in terms of gross debt, it is close to Italy and Greece when it comes to net debt.
Public debt, or national debt, is the sum of the financial obligations incurred by all government bodies of a county. This debt can be accumulated by the government directly or a government agency at any level. Pubic debt can arise from a number of sources, for example government bonds create a debt owed by the government to a member of the public.