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If Interest Rates Fall, the Burden of a Nation's Public

question 79

Multiple Choice

If interest rates fall, the burden of a nation's public debt will _____ and it will be _____ difficult to service its debt.


Definitions:

Country

A separate geographical area or political unit acknowledged as a sovereign state.

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.

Personal Income Tax

a tax levied on the income of individuals or households, typically at a progressive rate.

Dependent Children

Individuals, typically under the age of 18, who rely on their parents or guardians for financial support and care.

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