A Large Government Debt Can Reduce the Amount of ________

question 95

Multiple Choice

A large government debt can reduce the amount of ________ in an economy and reduce future income and real wages for citizens.

• A) employment
• B) capital
• C) government spending
• D) social benefit programs

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Definitions:

Brain Drain

The migration of skilled professionals from one country to another, often for better career opportunities or living conditions.

Highly Educated Workers

Individuals who have attained a high level of education, typically resulting in specialized skills and knowledge.

Low-income Countries

Nations with a gross national income (GNI) per capita significantly lower than the global average, often characterized by limited economic resources and infrastructure.

High-income Countries

Nations with a gross national income per capita significantly above the global average, indicating advanced economic development.