Which of the following best describes the relationship between government deficit and government debt?
A) If the government currently has a budget deficit, currently it must also have a debt.
B) If the government currently has a budget deficit, the debt is increasing.
C) If the government currently has a budget deficit, government expenditures must be less than taxes.
D) If the government currently has a budget deficit, national savings must be higher.
Correct Answer:
Verified
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