In Any Given Year,the Government's Debt-Service Payments Are Equal to

question 71

Multiple Choice

In any given year,the government's debt-service payments are equal to

• A)(fiscal borrowing)× (the interest rate).
• B)(government spending)× (the interest rate).
• C)(government spending - tax revenue)× (the interest rate).
• D)(total outstanding government debt)× (the interest rate).
• E)(government spending + tax revenue)× (the interest rate).

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