Question:

Implicit liabilities of a government are _______.?

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Implicit liabilities of a government are _______.

bonds held by foreigners

spending promises, like social security benefits, that are effectively debt although no bond is associated with the promise

debt of a country adjusted for the price ratio

the ratio of the debt of a country to its GDP

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  1. spending promises, like social security benefits, that are effectively debt although no bond is associated with the promise

    everything else is to pay for the actual budget.  Implicit liabilities have not been paid for yet(via cash or bonds), but will eventually.

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