What is called a country's total financial obligations to the rest of the world ?
Correct answer: D. External debt
- A. Total dept
- B. Debt burden
- C. National liabilities
- D. External debt
Explanation
External debt is the total amount a country owes to foreign governments, institutions, and other creditors outside its borders. Debt burden is the pressure of repaying debt, not the debt itself.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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