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Business, 08.04.2020 03:14 catman7884

The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year. Is this a manageable level of debt for the government of Happyland

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The government of Happyland collects $100 million in taxes each year and currently has a public debt...
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