The national debt is simply the net accumulation of the federal government's annual budget deficits. It is the total amount of money that the U.S. federal government owes to its creditors. To make an analogy, fiscal or budget deficits are the trees, and the national debt is the forest.
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Answer:
The reform liberated productive forces, increased the productivity of agriculture, and laid the basis for the industrialization of China. The law defined the principles and methods for the expropriation and re-allocation of land.
Explanation:
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