If in fiscal year 2015, the federal government receives $2.2 trillion in revenues and spends $3.5 trillion for goods and services, the national debt will
A) increase by $2.2 trillion.
B) increase by $1.3 trillion.
C) decrease by $1.3 trillion.
D) decrease by $2.2 trillion.
Correct Answer:
Verified
Q69: The national debt is defined as the
Q70: The national debt
A)is increased by budget surpluses.
B)is
Q71: If the President and Congress agree to
Q72: Deficit is to debt as
A)responsible is to
Q73: Debt is to deficit as
A)money is to
Q75: A budget deficit is best defined as
Q76: Until the 1980s, most of the national
Q77: A budget surplus is defined as the
Q78: At the end of 2014, the net
Q79: The national debt is the
A)result of previous
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