2. Federal deficits, surpluses, and the national debt Select the correct term for each of the following definitions in the table. Definitions National debt minus all government interagency borrowing The portion of the national debt owed to a nation's own citizens Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The official title for the proposed budget submitted to Congress by the president The total amount owed by the federal government to owners of government securities Terms ▶ ▶ ▶

2. Federal deficits, surpluses, and the national debt Select the correct term for each of the following definitions in the table. Definitions National debt minus all government interagency borrowing The portion of the national debt owed to a nation's own citizens Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The official title for the proposed budget submitted to Congress by the president The total amount owed by the federal government to owners of government securities Terms ▶ ▶ ▶

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 6PA

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