The only way to reduce the national debt is to run budget surpluses.

Answer the following statement true (T) or false (F)


True

Whenever there's a budget deficit, the national debt increases. On the other hand, the debt would decrease if the federal government ran a budget surplus.

Economics

You might also like to view...

Refer to Figure 13-3. Which of the points in the above graph are possible long-run equilibria?

A) B and D B) A and D C) A and C D) A and B

Economics

In the above table, what is the marginal factor cost of the 2nd worker?

A) $24 B) $14 C) $64 D) $12

Economics

A multinational enterprise is defined as a company that

A) controls production assets in more than one country. B) has board members from a variety of countries. C) exists primarily to avoid taxes. D) has stock that is publicly traded in many countries.

Economics

If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 110, real GDP a. rises

b. falls. c. stays the same. d. could either be rising or falling.

Economics