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Home Q & A Board Other Fields Homework Help Business Economics
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lurielbank lurielbank
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4 years ago
When a country has public-sector net borrowing, it means that

▸ the total expenditure of central government, local government and public corporations exceeds the tax revenues and sales revenues collected by those bodies.

▸ central government's spending exceeds its tax receipts.

▸ nationalised industries are being subsidised.

▸ the government has accumulated debt over a number of years.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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bli14bli14
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4 years ago
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lurielbank Author
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4 years ago
Helped a lot
ofsuahasiufhoas
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Correct Slight Smile TY
DragonHeart
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2 hours ago
This helped my grade so much Perfect
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