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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 44
Which of the following correctly describes the national debt?
A) The excess of annual federal expenditures over annual federal tax revenues.
B) Federal expenditures less annual federal tax revenues plus foreign U.S. annual bonds purchases.
C) The total amount of money owed by the federal government.
D) None of the answers above are correct.
A) The excess of annual federal expenditures over annual federal tax revenues.
B) Federal expenditures less annual federal tax revenues plus foreign U.S. annual bonds purchases.
C) The total amount of money owed by the federal government.
D) None of the answers above are correct.
Explanation
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Verified
The excess of government expenditure ove...
Economics for Today 9th Edition by Irvin Tucker
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