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Retnec Retnec
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6 years ago
Which of the following is a true statement regarding the public debt?
A) Approximately 70 percent of the public debt is owed to foreigners.
B) Interest payments on the public debt tend to redistribute income.
C) The public debt must be paid off by the year 2020.
D) The public debt has remained approximately constant in size since World War II.
E) Future generations will own the bonds and securities that make up the public debt, but they will not be required to pay taxes to service the debt.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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#2
6 years ago
You have the correct answer! Smiling Face with Halo
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