U.S. external debt

[James Devine]

At 06:47 PM 8/16/98 -0500, you wrote:
>Doug,
>
>Can these figures be adjusted for inflation? Or is that unnecessary? If
>so, why?
>
Rather than simply correcting for inflation, I would divide by nominal GDP,
which also gives some inking about how much the debt (or is it borrowing?)
is relative to the ability to handle it.

the parenthetical remark asks: is it a stock or a flow magnitude that you
presented, Doug?

Jim Devine jdevine at popmail.lmu.edu &
http://clawww.lmu.edu/Departments/ECON/jdevine.html