Suppose a country has a national debt of $2,000 billion, a GDP of $28,000 billion, and a
Budget deficit of $115 billion. How much will its new national debt be?
A) $2,115 billion
B) $1,885 billion
C) $28,115 billion
D) $25,885 billion
Correct Answer:
Verified
Q33: The national debt
A) is the sum of
Q34: Which of the following is an automatic
Q35: Which of the following statements is true
Q36: If the federal budget is initially balanced
Q37: The sum of all past federal deficits
Q39: The use of government expenditures and taxes
Q40: Personal income taxes and transfer payments
A) acts
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q42: Changes in expenditures and taxes that occur
Q43: Contractionary fiscal policy includes
A) increasing taxes and
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