To judge the size of government debts and deficits we should use real values a

To judge the size of government debts and deficits we

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42.To judge the size of government debts and deficits, we should use real values.a.Trueb.FalseANS:APTS:1DIF:2LOC:Monetary and fiscal policyTOP:Thinking About Spending | Taxes | and the Budget43.Which of the following cases represent the smallest increase in the real national debt?44.As a percentage of GDP, non-military government purchases have remained very low and stable.45.Government outlays46.Federal revenue as a percentage of GDP dropped significantly in the early 2000s becausea.of increased transfer payments due to the recession.b.of decreased transfer payments due to the recession.c.of tax-rate decreases passed by the Bush administration and Congress as well as recessionary impacts.d.of tax-rate increases passed by the Bush administration and Congress as well a recessionary effects.e.of tax-rate increases passed by the Bush administration .ANS:CPTS:1DIF:2LOC:Monetary and fiscal policyTOP:Federal Tax Revenues47.Which of the following correctly represents the budget deficit?
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48.Which of the following is true?
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