ECO 372 Week 4 DQ 1 - Version 5

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What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?

Response
When a country has a deficit the overall understanding is that debt is a negative position to be in but not 100% of the time. What is considered as debt has to be clearly defined prior to including it as an expense in a budget plan.
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