The total federal debt is equal to
A) the total value of all U.S. currency in circulation.
B) the sum of all past deficits minus the sum of all past surpluses.
C) the federal budget deficit minus the federal budget surplus.
D) annual federal tax receipts plus annual federal expenditures.
B
Economics
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In the Cournot equilibrium, each firm assumes that the other's ________ is/are being held constant.
A. output or sales B. price C. marketing strategy D. costs
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Buyers and sellers use ________ to communicate the quality of goods and services in a world of uncertainty.
A. moral hazards B. asymmetric information C. market signals D. expected value
Economics