The sum of past budget deficits minus the sum of past budget surpluses refers to
A) the national debt.
B) the cyclically unbalanced budget.
C) the structural national debt.
D) the federal government net worth.
Correct Answer:
Verified
Q44: Q45: The federal government debt is equal to Q46: Suppose a country has been running a Q47: The U.S. government's budget Q48: The gross public debt was approximately $6 Q50: By definition, a government budget deficit is Q51: If tax revenues equal $1.5 billion and Q52: If the government runs a deficit, the Q53: If the government has a balanced budget, Q54: 
A) must be balanced
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