Which of the following statements about the national debt is NOT true?
a. The national debt is paid off about every 10 years.
b. The national debt has interest that must be paid annually.
c. The national debt is the accumulated indebtedness of the U.S.
d. The national debt is larger than the typical deficit.
e. The national debt is smaller than the GDP.
a
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As part of the effort to make the Nigerian colony pay for its administration, the British
a. invested heavily in new industry. b. levied heavy taxes on exported raw materials. c. promoted plantation farming of cash crops. d. encouraged unemployed British citizens to emigrate to West Africa. e. offered subsidies to Nigerian entrepreneurs.
Presidents may “exercise leniency toward persons who have committed federal crimes” through their __________
a. diplomatic power b. pardon power c. power of attorney d. executive power