The budget deficit
A) is the value of the government's indebtedness at a moment in time.
B) was $13.5 trillion in fiscal 2010.
C) is the amount by which the government's expenditures exceed receipts during a specific time period.
D) All of the above are correct.
Correct Answer:
Verified
Q68: A budget surplus exists when
A)Tax receipts <
Q70: At the end of 2010, the net
Q71: Compared to the size of GDP in
Q72: Deficit is to debt as
A)responsible is to
Q73: Debt is to deficit as
A)money is to
Q73: The deficit can be defined in simple
Q75: A budget deficit is best defined as
Q76: Until the 1980s, most of the national
Q77: A chart of the ratio of national
Q79: The national debt is the
A)result of previous
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