It should be noted that the percent of public debt that was held by the USA government was 37%. Public debt simply means the total amount or liabilities, that is borrowed by the government in order to meet it development budget.
In 2018, about 37% of the USA public debt was held by USA government and federal reserve. The nominal limit of the national debt in dollars is generally viewed as less important than its proportion to the country's gross domestic product (GDP), the debt to GDP ratio.
Thats because a country's tax base grows alongside its economy increasing revenue the government can raise to service the debt.
To know more about public debt here:
brainly.com/question/1047372
#SPJ4
