If the government owes $15.0 trillion and then borrows $900 billion more this year, this leads to

a. a debt of $900 billion and a deficit of $15.9 trillion.
b. a debt of $15.9 trillion and a deficit of $900 billion.
c. a debt of $14.1 trillion and a deficit of $900 billion.
d. a debt of $15.0 trillion and a deficit of $14.1 trillion.
e. a debt of $15.9 trillion and a deficit of zero.


B

Economics

You might also like to view...

What is the equation of exchange? Suppose that real GDP and velocity are constant. In this case, what effect will an increase in the quantity of money have?

What will be an ideal response?

Economics

If the current shareholders begin to believe that the prices of the stocks are likely to rise in the future, the supply curve of shares will:

a. shift to the right. b. become perfectly elastic. c. slope downward. d. shift to the left. e. become perfectly inelastic.

Economics

The theory of consumer choice illustrates that people face tradeoffs, which is one of the Ten Principles of Economics

a. True b. False Indicate whether the statement is true or false

Economics

Jamal earns $160,000 per year and Josephina earns $80,000 per year. They both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. In relation to their relative incomes, this is an example of a

A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.

Economics