Answered: Deficit may be defined as? Public Debt…

Deficit may be defined as? Public Debt Intergovernmental Debt Debt created solely because the government failed to balance its budget in a given fiscal year All of the above

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter13: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 4SQP

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Question

Deficit may be defined as?
Public Debt
Intergovernmental Debt
Debt created solely because the government failed to balance its budget in a given fiscal year
All of the above

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