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National Debt

The national debt is the total amount of money that a country owes to its creditors. It is calculated by adding up all of the government's outstanding debt, including bonds, notes, and bills.

The national debt can be a significant burden on a country's economy. When a country borrows money, it has to pay interest on the loan. This interest can add up over time, and it can make it difficult for the country to repay its debt.

The national debt can also affect a country's credit rating. A high national debt can make it more difficult for a country to borrow money in the future.

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