A government could have a high national debt even when the country is home to a large number of wealthy citizens or a growing economy.

Question

Quizplus · Accepted Answer

The national debt is a measure of the amount of money a government owes to its creditors, both domestically and internationally. It is not directly tied to the wealth of individual citizens or the overall strength of the economy. A government can accumulate debt due to factors such as military spending, social welfare programs, and economic downturns, regardless of its citizens' wealth or economic growth.

A Government Could Have a High National Debt Even When