Multiple Choice
If government has no debt initially but then annual revenues are $8 billion for 10 years while annual expenditures are $11 billion for 10 years, then the government has a:
A) deficit of $3 billion per year and a debt of $30 billion.
B) surplus of $3 billion per year and a debt of $30 billion.
C) deficit of $30 billion and a debt of $3 billion per year.
D) surplus of $30 billion and a debt of $3 billion per year.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: External government debt is:<br>A)government debt owed to
Q17: If the national debt increases in any
Q18: Which of the following is a reason
Q19: The government decides to reduce its expenditure
Q20: If a $6 billion economy is growing
Q22: If the federal government has a budget
Q23: What has been happening to the U.S.interest/GDP
Q24: Suppose that the economy has a structural
Q25: The larger the debt and the inflation
Q26: The nominal deficit is $150 billion,inflation is