Which of the following statements is not correct?
A) The law requires Social Security to use its surpluses to purchase U.S. Government securities from the Treasury.
B) Public debt will finance most of the on-budget deficit during the next decade.
C) The Social Security surplus will finance most of the on-budget deficit during the next decade.
D) Foreign debt will finance the on-budget deficit during the next decade.
Correct Answer:
Verified
Q21: The Social Security portion of the budget
Q22: A budget deficit refers to:
A) the aggregate
Q23: In the long-run deficits are likely to
Q24: The total outstanding debt of the federal
Q25: Funds available for borrowing by other households
Q27: Congress distinguishes between on-budget and off-budget net
Q28: It is desirable for the federal government
Q29: The public debt can decline while the
Q30: An increase in the United States budget
Q31: The amount by which government receipts exceeds
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