Which of the following best
describes the burden of public
debt?
A. the increase in interest rates that occur
when a government has too much debt
B. the opportunity costs that arise when
the government of a country must service
its debt
C. the deflation that occurs when the
productive capacity of an economy grows
faster than its currency
D. the comparative advantage that a nation
has over another nation when it has a
lower
opportunity cost

Question

Answered

Answer :

GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-30T11:40:31-04:00

The burden of public debt encompasses challenges such as rising interest rates and the need for budget cuts or tax increases to manage deficits.

The burden of public debt refers to the challenges and negative impacts associated with a government carrying significant debt.

Interest rates may rise due to excessive debt, leading to higher costs for the government.

Government deficits can hinder economic growth and may necessitate painful budget cuts or tax increases.

https://brainly.com/question/33894219