Multiple Choice
Which of the following is a reason why government debt is different from individual debt?
A) Government has fewer sources of income to finance its debt than individuals.
B) Government cannot create money to finance its debt.
C) Government debt can be owed to foreigners, unlike the debt of individuals.
D) Government is ongoing, individuals are not.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: When the U.S. debt-to-GDP ratio has fallen,
Q14: Government debt is defined as:<br>A)a shortfall of
Q15: The structural deficit:<br>A)rises as the economy expands
Q16: External government debt is:<br>A)government debt owed to
Q17: If the national debt increases in any
Q19: The government decides to reduce its expenditure
Q20: If a $6 billion economy is growing
Q21: If government has no debt initially but
Q22: If the federal government has a budget
Q23: What has been happening to the U.S.interest/GDP