Discuss the difference between deficit and debt.
What will be an ideal response?
? Deficit is the amount the government spends in excess of what it takes in each year in revenue.
? Debt is the total amount of all deficits amassed over time.
You might also like to view...
How is President Barack Obama's American Recovery and Reinvestment Act a return to creative federalism? How does he obviously turn away from what is labeled the New Federalism?
What will be an ideal response?
Until 1967, 16 states outlawed marriages between whites and nonwhites
Indicate whether the statement is true or false
When using measures of association it is common to discuss the strength of the association. What is meant by the strength of an association?
What will be an ideal response?
McDonaldization,” “Coca-colization,” and “Disneyification” are all synonyms for cultural domination, a concept closely tied to which challenge of globalization?
A. clash of cultures B. convergence C. localization D. heterogenization