Asked by
melat telila
on Oct 13, 2024Verified
If our deficit falls steadily over the next five years our national debt will
A) increase at an increasing rate.
B) increase at a decreasing rate.
C) decrease at an increasing rate.
D) decrease at a decreasing rate.
Deficit
A financial situation where expenses exceed income or imports exceed exports.
National Debt
The total amount of money that a country's government has borrowed, by various means, to fund its expenditures beyond what it collects in taxes.
Decreasing Rate
A situation where the rate or speed of a process or value is diminishing over time.
- Assess the impact of fiscal policy decisions on the national debt and budget deficits/surpluses.
Verified Answer
AS
Learning Objectives
- Assess the impact of fiscal policy decisions on the national debt and budget deficits/surpluses.