Exam 14: Deficit Spending and the Public Debt

The difference between gross public debt and net public debt is that

Borrowing to finance the increases in government expenditures

The total value of all outstanding federal government securities is called

If the government's spending exactly equals its revenues during a budget year,that government is

As a possible approach to eliminating the government budget deficit,increasing taxes on the rich only would

Historic data indicate that there is usually a ________ relationship between trade deficits and federal government budget deficits.

-Suppose that initially there is no public debt.Using the above table,what is the public debt as a percentage of GDP in Year 4?

When the Social Security Administration holds U.S.Treasury Bonds

A government budget deficit is

One mechanism through which increasing public debt may impact the economy is that the resulting

The difference between net public debt and gross public debt is

The fastest-growing part of the federal budget is

How does the federal government finance a budget deficit?

The fastest growing component of the annual federal budgets since 2000 is

An entitlement is

If the economy is experiencing an inflationary gap in the short run,an increase in the budget surplus

Government spending that changes automatically without action by Congress is

Between the years 1998 and 2001,the U.S.government experienced

If the government has a spending flow that exceeds the revenues it collects,the government will run a ________ that year.

Since 2001,the U.S.government budget deficit