Classes of public or national debt
Answer Text: Classes of public (national debt)i. Reproductive debtThis is borrowed money used to finance project(s) that can generate revenue. Such projects, once started may become self sustaining and may contribute towards servicing/repaying the debt. E.g. money used to financeirrigation schemes, electricity production e.t.c.i. Dead-weight debtThis is borrowed money that is used to finance activities that do not generate any revenue. Examples are money used to finance recurrent expenditure e.g. payment of salaries or for famine relief e.t.cDead-weight debt is a burden to members of the public since they are the ones who are expected tocontribute towards its repayment.