Solved

If the Government Owes $3,500 Billion and Then Borrows $300

Question 16

Multiple Choice

If the government owes $3,500 billion and then borrows $300 billion more this year,


A) the debt is $300 billion and the deficit is $3.8 trillion
B) the debt is $3,800 billion and the deficit is $300 billion
C) the debt is $4,100 billion
D) the deficit is $3,800 billion
E) both the debt and the deficit are $3.8 trillion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: One explanation for the negative slope of

Q12: Exhibit 5-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 5-3

Q14: During the Great Depression,President Hoover<br>A)correctly called for

Q17: Which of the following is a reason

Q18: According to Keynes,if private-sector demand is insufficient

Q19: Given the aggregate demand curve,an increase in

Q20: A period of sustained growth of output

Q21: Exhibit 5-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 5-3

Q84: If the U.S. price level increased relative

Q101: Since the Great Depression,business fluctuations have become