The difference between the government debt and the budget deficit is
A) the budget deficit shows the annual discrepancy between government spending and tax revenue and the government debt shows the accumulated balance of past government debts.
B) the government debt shows the annual discrepancy between government spending and tax revenue and the budget deficit shows the accumulated balance of past government debts.
C) not significant because both move in the same direction.
D) none.
Correct Answer:
Verified
Q63: The federal government debt is equal to
Q64: If the government runs a deficit, the
Q65: Q66: If the government has a balanced budget, Q67: When the government's outlays exceed its tax Q69: A country has been in existence for Q70: If tax revenue equal $1.5 billion and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents