Multiple Choice
External government debt is:
A) government debt owed to its own citizens.
B) government debt owed to individuals in foreign countries.
C) government debt owed by one branch of the government to another.
D) debt that individuals in foreign countries owe to the U.S. government.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Suppose potential income is $60 billion, actual
Q12: How does Social Security make the current
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
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
Q21: If government has no debt initially but