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National debt refers to the total amount of money owed by a government, including both domestic and foreign debt. Public debt, on the other hand, specifically refers to the money owed by a government to its own citizens or institutions.

Both national debt and public debt can impact a country's economy by increasing the burden of interest payments, reducing the government's ability to invest in other areas such as infrastructure or social programs, and potentially leading to higher taxes or inflation. Excessive debt levels can also make a country less attractive to investors and lenders, which can further harm the economy.

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5mo ago

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