As of 2011the U.S. national debt was
A) about $1 million
B) about $1 billion
C) $1 trillion
D) $3 trillion
E) about $15 trillion
Correct Answer:
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Q122: The U.S.Social Security program
A)is a redistribution program
Q123: U.S.debt has never exceeded 100 percent of
Q127: Social Security reforms adopted in 1983 included
A)privatization
Q129: In 2010,Social Security payouts exceeded payins for
Q137: Suggested Social Security reforms include
A)lowering payroll taxes
B)privatizing
Q138: During the first 50 years of the
Q146: When crowding out occurs,
A)private spending replaces public
Q147: The long-run opportunity cost of government spending's
Q149: Increases in the fraction of national debt
Q151: If a budget deficit is the result
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