Federal debt is
A) an accumulation of deficit borrowing that has not been paid off
B) the difference between federal spending and revenue for a specific period of time
C) the total of all past deficits
D) the difference between federal borrowing and federal spending
Correct Answer:
Verified
Q7: The federal debt includes each of the
Q8: If you earn less than $10,000 you
Q9: Types of government spending includes
A)spending determined by
Q10: In 2012 the third largest source of
Q11: Nondiscretionary spending by the government would include
Q13: A federal deficit occurs when
A)federal spending is
Q14: The largest source of revenue for the
Q15: The _ is a level of income
Q16: The federal government raises revenue primarily from
A)Social
Q17: Use the graph for questions 
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