The Sum of Past Budget Deficits in Excess of the Sum

question 155

Multiple Choice

The sum of past budget deficits in excess of the sum of past budget surpluses refers to

• A) the trade deficit.
• B) the federal government net worth.
• C) the cyclically unbalanced budget.
• D) the national debt.

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Definitions:

Gangs

Groups of people, often youths, who come together and involve themselves in criminal activities and identify themselves with a group identity.

"Real World" Experience

Experiences or knowledge gained through direct, practical involvement in everyday life or work.

Graduate School

An advanced program of study focused on a particular academic discipline or profession, typically following the completion of an undergraduate degree.

Ellipse

A geometric shape that resembles a flattened circle and is defined mathematically as the locus of points such that the sum of the distances from two focal points is constant.