Suppose the budget deficit is rising 3 percent per year and nominal GDP is rising 5 percent per year.The debt created by these continuing deficits is
A) sustainable,but the future burden on your children cannot be offset.
B) sustainable,and the future burden on your children can be offset if you save for them.
C) not sustainable,and the future burden on your children cannot be offset.
D) not sustainable,but the future burden on your children can be offset if you save for them.
Correct Answer:
Verified
Q3: Over time,continued budget deficits lead to
A)a higher
Q4: From fiscal year 2012 to fiscal year
Q5: Which of the following is not correct?
A)Government
Q6: In fiscal year 2008,the U.S.government ran a
Q7: Government deficits mean that
A)national saving is negative
Q9: Suppose that a country has an inflation
Q10: If the budget deficit were reduced,
A)interest rates
Q12: In fiscal year 1997,the U.S.government ran a
Q13: Suppose that the country of Aquilonia has
Q135: Which of the following would transfer wealth
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