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Which of the following best describes the relationship between government

Question : Which of the following best describes the relationship between government : 7925

Which of the following best describes the relationship between government deficit and government debt?

a. If the government currently has a budget deficit, currently it must also have a debt.

b. If the government currently has a budget deficit, the debt is increasing.

c. If the government currently has a budget deficit, government expenditures must be less than taxes.

d. If the government currently has a budget deficit, national savings must be higher.

Solution
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Accounting 1 Year Ago 280 Views
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