Answered: Many governments take foreign loans.…

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Many governments take foreign loans. Are these loans beneficial for gross domestic product? Why, or why not?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 16E

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Many governments take foreign loans. Are these loans beneficial for gross domestic product? Why, or why not?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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