How do we calculate the national debt?
A) federal spending minus federal revenues in a single year
B) the amount of taxation subtracted from the GDP
C) accumulating all annual budget deficits
D) collective income minus the amount of taxes paid
Correct Answer:
Verified
Q21: What is an effect of deflation?
A) rising
Q22: When the GDP has declined for two
Q23: How does a mixed economy work?
Q24: In the 1920s, Germany issued a new
Q25: What is included under discretionary spending?
A) Medicare
B)
Q27: The U.S. government measures the sum of
Q28: The only way Congress can affect mandatory
Q29: Taxes in the United States claim just
Q30: When was the Great Recession?
A) 1929-1941
B) 1973-1980
C)
Q31: Some Americans favor a tax code that
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