The federal government debt refers to
A) the accumulation of past budget deficits.
B) government spending plus transfer payments minus tax revenues.
C) tax revenues minus government spending and transfer payments.
D) the total value of U.S. Treasury bonds outstanding.
D
Economics
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Explain the difference between a normal good and an inferior good
What will be an ideal response?
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Which of the following is not a condition required for a monopolist to price discriminate?
a. the demand curve facing the firm must be downward-sloping b. the firm must exhibit strong economies of scale c. there must be different groups of buyers with different price elasticities of demand d. the firm must be able to prevent reselling of the product e. the firm must have some market power
Economics