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Budget Deficit and National Debt

Budget Deficit and National Debt - Chapter 31 15 Budget...

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Chapter 31 / 15 Budget Deficits and National Debt 1) AM31 \ B \\ Budget Deficits or Surpluses \ 1 \\ Annual differences between federal outlays and receipts are: (a) public debt. (b) budget deficits or surpluses. (c) trade deficits. (d) budget constraints. 2) AM31 \ E \\ Government Budget Deficits and Surpluses \ 2 \\ An increase in the national debt of the United States is among the direct and immediate consequences of: (a) increases in marginal income tax rates. (b) powerful inflationary pressure. (c) inadequate growth of the money supply. (d) deficits in the U.S. balance of payments. (e) a federal budget deficit. 3) AM31 \ A \\ Budget Deficits: History \ 1 \\ During the past half century, the U.S. federal budget: 4) AM31 \ C \\ Government Budgets: History \ 2 \\ To pay for the Wars in Iraq and Afghanistan, President George W. Bush and the Congress: 5) AM31 \ A \\ Public Debt: History \ 2 \\ The public debt in the United States since 1980 has: Ralph Byrns Chapter 31 / 15 : Budget Deficits and National Debt Test Bank One 1
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6) AM31 \ D \\ Public Debt: History \ 2 \\ During the 1980s, and again, since 2000, there was more than a doubling of the: (a) value of the stock of economic capital in the United States. (b) level of real per capita income in the United States. (c) average annual surplus in the U.S. balance of trade. (d) federal debt issued by the U.S. Treasury. 7) AM31 \ A \\ Public Debt: History \ 1 \\ If holdings of U.S. Treasury bonds by other government agencies are included, the public debt in 2006 for the first time ever topped: 8) AM31 \ A \\ Commercial Banks and National Debt \ 2 \\ The largest U.S.-based holders of our national debt include:
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