What is the difference between the federal deficit and the federal debt? How does the deficit relate to economic growth?
What will be an ideal response?
The deficit is the yearly amount of expenses that is greater than revenue. The debt is the accumulation of the deficits over the years.
You might also like to view...
"Poles" refer to
a. outside forces that can shape regime transition in a given country. b. the ends of the political spectrum. c. a sampling of attitudes toward government and politics of a population. d. inside forces that can shape regime transition in a given country. e. dominant states in the international system.
Which of the following statements is most accurate about the impact of immigrants on California's economy?
a. There is no consensus on the issue. b. They have provided a net increase of taxes to the state. c. They have used more benefits than they have provided taxes. d. None of the above.
Divided government
A. reflects a situation when a person votes for candidates of two parties for different offices. B. exists when the presidency and Congress are controlled by different parties. C. is another name for federalism. D. increases the control of the winning party in an election. E. is a strong indication of the emergence of a new third party.
Under which condition are states more likely to bandwagon than balance?
a. when a state is holds strong philosophical positions b. when allies are readily available c. when the outcome of a war is undetermined d. when a weak state is located in close proximity to a strong state e. when a threat is great, states will stand alone as a statement of strength.