How is the public debt calculated?
A) By adding up consumption, investment, government purchases, and net exports and then cumulating the annual totals over the years of the nation
B) By subtracting consumption and investment from government spending each year and then cumulating the annual totals over the years of the nation
C) By subtracting current government spending from current government tax revenues
D) By computing the difference between annual government tax revenues and annual government spending and cumulating the differences over the years of the nation
Correct Answer:
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A) offset
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Q50: The public debt is the:
A) difference between
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Q53: In 2015, the public debt was about:
A)
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Q55: One important consequence of the public debt
Q56: Which would be considered a real burden
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