Teaching JKPSC Lecturership Mock Test Series 2024-25 General Knowledge Economy National Income Accounting
Higher debt leading to lower growth, because:
1. Higher levels of public debt are accompanied by more taxes in the future to pay for the debt
2. Lower aggregate demand
3. Lower lifetime wealth
Select the correct statement(s) using the codes given below.
1
1 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3