Debt levels and flows refer to different aspects of debt in an economy or within an entity, such as a country, corporation, or individual. Here's a breakdown of each concept: ### Debt Levels - **Definition**: Debt levels refer to the total amount of debt outstanding at a specific point in time. This can include all forms of debt — such as loans, bonds, mortgages, and credit — and is often evaluated as a total figure or relative to other economic indicators, such as GDP.

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