The national debt
A) exists because of past government budget deficits
B) is the difference between the government's spending and revenue in a given year
C) is the amount households owe on credit cards,mortgages and other loans
D) is a flow variable
E) is the same as the government's budget deficit
Correct Answer:
Verified
Q18: Which of the following can occur simultaneously?
A)
Q19: Tax avoidance reduces the federal government's revenue
Q20: The national debt
A) is currently greater than
Q21: The large U.S.government budget deficits in the
Q22: The U.S.government has tended to keep its
Q24: In the long run,
A) continuing budget surpluses
Q25: In an expansion,tax payments tend to increase
Q26: Suppose you are the president of a
Q27: The national debt
A) can be paid off
Q28: Government debt and interest payments on that
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