In 2018, Interest on the Public Debt Was Between 6

question 204

True/False

In 2018, interest on the public debt was between 6% and 7% of GDP.

---

Definitions:

Production Possibilities Frontier

A graphical representation showing the maximum quantity of two goods or services that an economy can produce when all resources are used efficiently.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as a result of making a decision.

Bananas

A curved, yellow fruit that is rich in potassium and can be eaten raw or used in cooking and baking.

Exports

Exports are goods or services produced in one country and sold to buyers in another, contributing to a nation's GDP and influencing its balance of trade.