Page 46 223. What was the main financial problem that the government of Greece faced in 2009?
224. Suppose that Canadian debt is $7 trillion at the beginning of the fiscal year. During the fiscal year, its purchases of goods and services and its transfers are $2 trillion, and tax revenues are $1.5 trillion. At the end of the fiscal year, the debt is:
225. When the government has a deficit, it will most likely finance the deficit by:
226. If government spending increases and taxes decrease: A) implicit liabilities will increase. B) implicit liabilities will decrease. C) the public debt will increase. D) the public debt will decrease.
227. According to the text, the public debt of the Canadian federal government at the end of fiscal year 2015 equaled about: