If South Africa has very high debt to GDP levels, which of the following statements about this debt is INCORRECT?<\/p>
a. If all the debt was financed domestically, then this debt would not be a burden for future generations.<\/p>
b. If all the debt was financed domestically, then it would attract interest<\/p>
c. Very debt levels place a country at a risk of defaulting on repayments<\/p>
d. Very high debt levels restrict a government's ability to address<\/p>", "transcribed_text": "", "related_book": { "title": "Public Finance A Contemporary Application of Theory to Policy", "isbn": "9781305474253, 1285173953, 1305474252, 978-1285173955", "edition": "11th edition", "authors": "David N Hyman", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/515.jpg", "uri": "\/textbooks\/public-finance-a-contemporary-application-of-theory-to-policy-11th-edition-515", "see_more_uri": "" }, "free_related_book": { "isbn": "0132742926", "uri": "\/textbooks\/database-concepts-7th-edition-9780133544886", "name": "Database Concepts", "edition": "6th Edition" }, "question_posted": "2024-06-12 12:15:44", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/an-electromagnetic-microphone-has-a-construction-similar-to-that-of", "description": "An electromagnetic microphone has a construction similar to that of the speaker shown in Figure 6.7.2, except that there is no applied voltage and the sound waves are incoming rather than outgoing....", "stars": 3 }, { "url": "\/caitlin-and-wally-formed-the-c-w-partnership-on", "description": "Caitlin and Wally formed the C & W Partnership on September 20, 2015. 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