Imagine that the net public debt of a country\'s government was currently $6 tri
ID: 1228142 • Letter: I
Question
Imagine that the net public debt of a country's government was currently $6 trillion. The debt was entirety held or owned by the citizens of the entire $6 trillion of debt today by the use of taxes, which of the following statements is true? Individuals and firms owning less of the debt than their share in taxes needed to pay off the debt have realized a decrease in their Individuals and firms owning more of the debt than their snare in taxes needed to pay off the debt have realized an increase in their Both of these statements are true Neither of these statements is true.Explanation / Answer
Answer) c.) Both of these statements are true.