Question

Consider the following statements about public debt: 1. Public debt is the total borrowing by the government from domestic and foreign sources. 2. Excessive public debt can lead to a debt trap. 3. Public debt always has a negative impact on the economy. Which of the above statements are correct?

A 1 and 2 only
B 1 and 3 only
C 2 and 3 only
D 1, 2, and 3
Practice Next

Hey! Ask a query