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Scorpion4ik [409]
3 years ago
7

The public debt for the economy is

Business
1 answer:
Paraphin [41]3 years ago
4 0
The public debt is the amount of money that a government owes to outside debtors. Public debt allows governments to raise funds to grow their economy or pay for services. Politicians prefer to raise public debt rather than raise taxes. When public debt reaches 77% of GDP or higher, the debt begins to slow growth.
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