What is the difference between the national deficit and the national debt?
A) The debt is the yearly amount government expenses exceed revenue. The deficit is the accumulation of the deficits over the years.
B) The deficit is based on the distribution of entitlement programs. The debt is the ceiling for the federal budget.
C) The deficit is the yearly amount government expenses exceed revenue. The debt is the accumulation of the deficits over the years.
D) The deficit is the portion of the federal budget allocated by Congress. The debt is the portion of the budget allocated by the executive branch.
Correct Answer:
Verified
Q10: Which branch of government typically initiates the
Q11: The _ is a measure that represents
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Q14: The economic policy goal of _ means
Q16: Inflation is measured by the _.
A) balance
Q17: The name of the agency that compiles
Q18: The name for the federal agency that
Q19: As a part of the federal budgeting
Q20: Which statement is true describing the U.S.
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