Government debt is different from individual debt because
A) the government can always tax to reduce it.
B) the government cannot declare bankruptcy.
C) the government does not need to pay interest.
D) the government can decide the interest rate.

Question

Quizplus · Accepted Answer

Government has the power to raise taxes to reduce its debt, while individuals have less control over their income to pay off debts.

Government Debt Is Different from Individual Debt Because