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Which of the Following Is the Correct Ordering If We

question 131

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Which of the following is the correct ordering if we want to rank the four spending components, as a share of U.S. GDP in 2015, in descending (from highest to lowest) order?


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Student Loans

Loans taken by students to cover higher education expenses, expected to be repaid with interest.

Simple Interest Rates

Interest calculated only on the principal amount of a loan or deposit, without compounding over time.

Outstanding Balance

The amount of money owed on a loan, credit card, or any other debt that remains unpaid.

Student Loans

Student loans are borrowed funds provided to students to cover education-related expenses, which must be repaid with interest over time.

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