Concerning a Balanced Budget, All of the Following Statements Are

Multiple Choice

Concerning a balanced budget, all of the following statements are correct EXCEPT

A) a balanced budget does not mean an end to the federal debt.
B) the federal government has rarely balanced its budget during the last 50 years.
C) balanced budgets will result in lower interest rates to all private borrowers.
D) a balanced budget is achieved when all tax receipts equal all spending in a particular year.