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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 35
Circle the letter that corresponds to the best answer. Which statement is true?
A) The public debt is larger than our GDP.
B) The public debt is the sum of our deficits minus our surpluses over the years since the beginning of the country.
C) We have had budget deficits only during recession years and wartime.
D) None of the above.
A) The public debt is larger than our GDP.
B) The public debt is the sum of our deficits minus our surpluses over the years since the beginning of the country.
C) We have had budget deficits only during recession years and wartime.
D) None of the above.
Explanation
Verified
Verified
The public debt is only equivalent to a ...
Macroeconomics 11th Edition by Stephen Slavin
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