Question on: JAMB Economics - 2019
Most of the National debts is "dead weight" in the sense that is____
A
bound to increase from year to year
B
accumulated as the result of past capital investment
C
the responsibility of the treasury
D
not covered by any real asset
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Correct Option: D
A debt that is incurred to meet current needs without the security of an enduring asset is seen as Dead weight.
It is usually incurred by the government
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