Government Debt and the Future of Economics

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Multiple Choice

What is the difference between government debt and private debt?

  1. Government debt is owed to foreign governments, while private debt is owed to domestic banks.
  2. Government debt is owed to domestic banks, while private debt is owed to foreign governments.
  3. Government debt is owed to domestic individuals and institutions, while private debt is owed to foreign individuals and institutions.
  4. Government debt is owed to domestic individuals and institutions, while private debt is owed to domestic banks.
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