Asked by
abhishek choudhary
on Oct 13, 2024
Verified
If the federal budget deficit were lowered,then the national debt would
A) decline.
B) stay the same.
C) rise at an increasing rate.
D) rise at a decreasing rate.
Federal Budget Deficit
The shortfall when a government's total expenditures exceed its total revenue for a specific fiscal period, leading to borrowing or the depletion of reserves.
National Debt
The cumulative sum of money borrowed by a country's government through different channels.
- Fathom the breadth and implications of national borrowing.
- Acquire an understanding of the mechanisms of budget deficits and surpluses, and their resulting implications.
Verified Answer
WM
Learning Objectives
- Fathom the breadth and implications of national borrowing.
- Acquire an understanding of the mechanisms of budget deficits and surpluses, and their resulting implications.