What is the difference between the national debt and the national deficit?
A) There is no difference. They are the same thing.
B) The deficit is each year's debts added together.
C) The debt is the cumulative deficit added together.
D) A higher debt implies a lower deficit.
E) A high debt forces a decrease in taxes to raise the deficit.
Correct Answer:
Verified
Q16: Significant tax reform in the US is
Q17: What is a flat tax?
A)A tax where
Q18: What is a progressive tax?
A)A tax where
Q19: What is a regressive tax?
A)A tax where
Q20: Developing budgets by using last year's budget
Q22: The largest expenditure in the national budget
Q23: All of the following can clearly be
Q24: The effect of congressional legislation in 1996
Q25: The Social Security program is projected to
Q26: Both Medicare and Medicaid are medical assistance
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