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Explain How It Is Possible for the Government Debt to Grow

question 51

Essay

Explain how it is possible for the government debt to grow forever.


Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's growing over time.

Business Quarters

Divisions of a fiscal year into four three-month periods, used by companies to report financial results and forecast future performance.

Unemployment Rate

The quantity of jobless individuals in the labor force who are vigorously searching for employment.

Total Population

The entire number of people living in a particular area, region, or country.

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