Debt trap/Definition: Difference between revisions
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imported>Nick Gardner m (New page: <noinclude>{{Subpages}}</noinclude> the situation in which ''national debt'' continues to grow faster than national income so that more and more of the government’s budget has to be devo...) |
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Revision as of 10:37, 19 March 2009
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Debt trap [r]: the situation in which national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments.