Asked by
Sapna Allen
on Nov 30, 2024
Verified
If we are running a federal budget deficit,the national debt
A) may be rising.
B) is definitely rising.
C) is constant.
D) may be falling.
E) is definitely falling.
Federal Budget Deficit
The financial situation where the federal government's expenditures exceed its revenues in a given fiscal year.
National Debt
The total amount of money that a country's government has borrowed by various means.
- Develop insight into the connection between national debt and the surpluses or deficits in the federal budget.
Verified Answer
LP
Learning Objectives
- Develop insight into the connection between national debt and the surpluses or deficits in the federal budget.