12. The national debt in the current year is a. equal to the national debt at the beginning of the year minus the annual budget deficit. b. equal to the national debt at the end of the year plus the annual budget deficit. C. equal to the national debt at the beginning of the year plus the annual budget deficit. d. none of the above.

12. The national debt in the current year is a. equal to the national debt at the beginning of the year minus the annual budget deficit. b. equal to the national debt at the end of the year plus the annual budget deficit. C. equal to the national debt at the beginning of the year plus the annual budget deficit. d. none of the above.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 18CTQ: The U.S. government has shut down a number of times In recent history Explain how a government...

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12. The national debt in the current year is

a. equal to the national debt at the beginning of the year minus the annual budget deficit.

b. equal to the national debt at the end of the year plus the annual budget deficit.

C. equal to the national debt at the beginning of the year plus the annual budget deficit.

d. none of the above.

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