The government budget deficit is the ______, and government debt is the ______.
A) amount by which imports exceed exports; amount by which government spending exceeds government revenue
B) amount by which government spending exceeds government revenue; amount by which imports exceed exports
C) amount by which government spending exceeds government revenue; accumulation of past government borrowing
D) accumulation of past government borrowing; amount by which government spending exceeds government revenue
Correct Answer:
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Q1: Holding other factors constant, the ratio of
Q2: Government debt equals the:
A) difference between current
Q3: If the debt of the U.S. federal
Q4: In a time of inflation when the
Q6: Compared to the size of government debt
Q7: When a government spends more than it
Q8: If government debt is not changing, then:
A)
Q9: Assume that the nominal interest rate is
Q10: Which of the following is the most
Q11: An increase in the elderly population of
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