The national debt is
A) The amount by which tax revenues exceed government spending for a given year.
B) The accumulation of all annual deficit and surplus flows.
C) The amount by which government spending exceeds tax revenues for a given year.
D) A fairly risky asset that pays interest.
Correct Answer:
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Q38: If the total budget deficit is $200
Q39: Suppose the economy is at a full-employment
Q40: All of the following contribute to greater
Q41: The debt would cease to grow if
A)The
Q42: If there was a federal budget surplus
Q44: An obligation to make future payment is
A)Debt
Q45: The U.S.government incurred a national debt for
Q46: Debt accumulation by the U.S.government in the
Q47: In the 20th century,the ratio of the
Q48: The fiscal agent of the U.S.government is
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