Which of the following must be TRUE?
A) If debt increased from one year to the next,there must have been a budget deficit.
B) If debt decreased from one year to the next,there must have been a budget surplus.
C) If debt increased from one year to the next,entitlement spending must have been increased.
D) If debt increased from one year to the next,discretionary spending must have been increased.
Correct Answer:
Verified
Q1: Which of the following is TRUE?
A) Both
Q2: _ accounting measures the deficit as the
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Q9: Which of the following is TRUE?
A) Neither
Q10: The budget process distinguishes between:
A) entitlement spending
Q11: Suppose the government spends $3 trillion and
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