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What Does It Mean for a Nation to Have a Foreign

Question 99

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What does it mean for a nation to have a foreign debt of ten times the GNP?


A) It means the nation owes foreign creditors ten times the value of goods and services produced annually by the nation's citizens.
B) It means the nation owes foreign creditors interest at a rate of ten times what it borrowed initially.
C) It means the nation is owed ten times what it lent out to foreign nations.
D) It means the nation is owed ten times the value of the foreign borrowers' annual employment earnings.

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