Question #80989
For the following statements, state Agree or Disagree. And provide brief explanations:
More than a half of the money issued by the government is actually held by people in foreign countries. Australia is hence less than half as wealthy as government statistics indicate’
More than a half of the money issued by the government is actually held by people in foreign countries. Australia is hence less than half as wealthy as government statistics indicate’
Expert's answer
I cannot agree with this statement:
First, the money issued by the government is not the country's wealth.
Secondly, the article may be related to the debt that the government issues with a deferred payment.
And the wealth of the country is the value of assets minus debts.
First, the money issued by the government is not the country's wealth.
Secondly, the article may be related to the debt that the government issues with a deferred payment.
And the wealth of the country is the value of assets minus debts.
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