The national debt is the
A) current budget deficit.
B) product of past budget deficits.
C) product of past budget deficits plus the interest outstanding.
D) current budget deficit plus the interest outstanding.
E) stock of government bonds outstanding.
Correct Answer:
Verified
Q50: A U.S. federal budget deficit that raises
Q51: Which of the following statements is false?
A)
Q52: To maintain a given equilibrium, which of
Q53: Crowding out takes place when the government
Q54: Interest payments on the national debt
A) account
Q56: The federal deficit is potentially bad due
Q57: A progressive tax is not a(n)
A) automatic
Q58: If all U.S. government bonds are held
Q59: The growth of the federal budget deficit
Q60: Foreign holdings of U.S. national debt
A) have
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