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What is national debt? How is it important?

What is national debt? How is it important?
asked 62.7k views
18 votes
What is national debt?
How is it important?

asked
User CudoX
by
8.4k points

1 Answer

12 votes
National debt is the amount of unpaid money that is owed or borrowed.

How is it important?
Debt to income ratio shows the solvency of the country. Too high debt causes interest rates to climb and there are domino effects as such.
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User Kkeller
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