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Suppose the Stock of Government Debt in Canada at the End

Question 59

Multiple Choice

Suppose the stock of government debt in Canada at the end of one fiscal year is $475 billion. If the stock of debt falls to $461 billion by the end of the next fiscal year, then we know that in that year


A) debt- service payments fell by $14 billion.
B) the government had a primary budget surplus of $14 billion.
C) the government had a primary budget deficit of $14 billion.
D) tax revenues increased by $14 billion.
E) the government had an annual budget surplus of $14 billion.

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