Which one of the following statements about public debt is most accurate?
a. Poor people are burdened by the debt because they pay more in taxes than they receive in interest
b. Poor people gain from the debt because they pay less in taxes than they receive in interest.
c. Wealthy people are burdened by the debt because they pay more in taxes than they receive in interest.
d. Wealthy people gain from the debt because they pay less in taxes than they receive in interest.
e. The debt affects the poor and rich people equally.
A
Economics
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