In 2011, the federal government spent 9 percent of the budget on net interest. Which of the following statements regarding net interest is correct?

a. If the government pays down its debt, the amount of the budget needed for net interest decreases.
b. If the government accrues more debt, the amount of the budget needed for net interest increases.
c. In 2011, the federal government spent 325 billion dollars to cover interest payments on its loans.
d. All of the above are correct.


d

Economics

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