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Select the correct term for each of the following definitions in the table. Definitions A legislated legal limit on the national debt The official title for the proposed budget submitted to Congress by the president Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The portion of the national debt owed to a nation's own citizens The total amount owed by the federal government to owners of government securities Terms Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/In national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States

Select the correct term for each of the following definitions in the table. Definitions A legislated legal limit on the national debt The official title for the proposed budget submitted to Congress by the president Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The portion of the national debt owed to a nation's own citizens The total amount owed by the federal government to owners of government securities Terms Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/In national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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# Federal Deficits, Surpluses, and the National Debt ### Instructions: Select the correct term for each of the following definitions in the table. #### Definitions and Terms: 1. **Definition:** A legislated legal limit on the national debt - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - *Debt Ceiling* - External national debt - Internal national debt - National debt - Net public debt - The Budget of United States 2. **Definition:** The official title for the proposed budget submitted to Congress by the president - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - National debt - Net public debt - *The Budget of United States* 3. **Definition:** Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus - **Terms:** - *Budget resolution* - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - National debt - Net public debt - The Budget of United States 4. **Definition:** The portion of the national debt owed to a nation's own citizens - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - *Internal national debt* - National debt - Net public debt - The Budget of United States 5. **Definition:** The total amount owed by the federal government to owners of government securities - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - *National debt* - Net public debt - The Budget of United States ### Explanation: The table provides definitions related to federal financial management, such as the national debt and budgetary processes. Students are asked to match these definitions with the appropriate financial terms. Understanding these terms is crucial for grasping how governmental
Transcribed Image Text:# Federal Deficits, Surpluses, and the National Debt ### Instructions: Select the correct term for each of the following definitions in the table. #### Definitions and Terms: 1. **Definition:** A legislated legal limit on the national debt - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - *Debt Ceiling* - External national debt - Internal national debt - National debt - Net public debt - The Budget of United States 2. **Definition:** The official title for the proposed budget submitted to Congress by the president - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - National debt - Net public debt - *The Budget of United States* 3. **Definition:** Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus - **Terms:** - *Budget resolution* - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - National debt - Net public debt - The Budget of United States 4. **Definition:** The portion of the national debt owed to a nation's own citizens - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - *Internal national debt* - National debt - Net public debt - The Budget of United States 5. **Definition:** The total amount owed by the federal government to owners of government securities - **Terms:** - Budget resolution - Crowding-in effect - Crowding-out effect - Debt Ceiling - External national debt - Internal national debt - *National debt* - Net public debt - The Budget of United States ### Explanation: The table provides definitions related to federal financial management, such as the national debt and budgetary processes. Students are asked to match these definitions with the appropriate financial terms. Understanding these terms is crucial for grasping how governmental
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