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If the Ratio of Debt to GDP Increases Over Time

question 151

True/False

If the ratio of debt to GDP increases over time, it means that the government's burden of paying the debt is decreasing and default is less likely.

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Definitions:

Self-Efficacy

The belief in one's abilities to meet challenges effectively and understand when and how to use necessary skills.

Challenges

Difficulties that need to be overcome, which require effort and determination.

Significant Life Change

Major events or transitions in an individual's life that have a lasting impact on their daily living and can include changes in family, career, or health.

Stressor

The external or internal force that brings about the stress.

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