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Wonderful
Lv 5
Wonderful asked in Social ScienceEconomics · 2 weeks ago

How does a country get into debt?

there is a context that says:

This country has external debt 27.9% of GDP in 2019

2 Answers

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  • ?
    Lv 7
    2 weeks ago

    The Fed has had QE. The Treasury has printed the dollars and bills.

  • Audrey
    Lv 7
    2 weeks ago

    The same way an individual gets into debt. They spend more than they make/take in.

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