The national debt is best described as the:
A) amount by which this year's federal spending exceeds its taxes.
B) value of all U. S. Treasury bonds owned by foreigners.
C) sum of all federal budget deficits, past and present.
D) percentage of GDP needed to finance a country's investment.
Correct Answer:
Verified
Q5: The national debt is unlikely to cause
Q16: If the federal government runs a budget
Q25: The national debt is unlikely to cause
Q26: The sum of past federal budget deficits
Q28: With regard to the national debt, to
Q29: Between 1945 and 1980, the national debt
Q31: Currently, the national debt is approximately:
A) 50
Q32: When measured as a percentage of GDP,
Q34: Which of the following is true ?
A)
Q35: Which of the following statements is true
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