Government debt held by citizens of a country is:
A) more like an individual's debt because paying interest on it involves a net reduction in domestic income.
B) more like an individual's debt because paying interest on it involves no net reduction in domestic income.
C) less like an individual's debt because paying interest on it involves a net reduction in domestic income.
D) less like an individual's debt because paying interest on it involves no net reduction in domestic income.
Correct Answer:
Verified
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