The national debt is
A) the excess of this year's budget surplus minus this year's budget deficit.
B) the amount lent by the government of past budget surpluses.
C) government outlays minus tax revenue.
D) the amount borrowed by the government to finance past budget deficits.
E) tax revenue minus government outlays.
Correct Answer:
Verified
Q113: Induced taxes are defined as taxes
A)that are
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Q115: Automatic stabilizers
A)have no effect on the magnitude
Q116: An economic expansion leads to--------------------needs-tested spending and--------------------
Q117: In 2010, the U.S. government had tax
Q119: Ignoring any supply-side effects, to close a
Q120: An example of automatic fiscal policy is
A)a
Q121: An example of automatic fiscal policy is
A)expenditure
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Q123: 
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