The total federal debt is equal to
A) the total value of all U.S. currency in circulation.
B) the sum of all past deficits minus the sum of all past surpluses.
C) the federal budget deficit minus the federal budget surplus.
D) annual federal tax receipts plus annual federal expenditures.
Correct Answer:
Verified
Q33: The amount by which the federal government's
Q34: The amount by which the federal government's
Q35: Since 1970, the U.S. federal government had
Q36: The largest budget deficit the U.S. federal
Q37: When the U.S. government runs a budget
Q39: Entitlement spending is included in discretionary spending
Q40: When measured as a share of the
Q41: Over half of government spending is discretionary
Q42: As a percent of GDP, the total
Q43: About 6% of annual total federal government
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