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Understanding America's Debt Problem
Interactive Video
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Religious Studies, Other, Social Studies, Life Skills, Business
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7th - 12th Grade
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Hard
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The video discusses the global debt crisis, focusing on the American debt situation. It explains types of debt, the significance of the debt to GDP ratio, and the consequences of government default. The role of trust in currency and the impact of credit ratings are highlighted. Despite a credit downgrade, US debt remains attractive due to global economic conditions and trust in the US economy.
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