Multiple Choice
If in fiscal year 2015, the federal government receives $2.2 trillion in revenues and spends $3.5 trillion for goods and services, the national debt will
A) increase by $2.2 trillion.
B) increase by $1.3 trillion.
C) decrease by $1.3 trillion.
D) decrease by $2.2 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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