Suppose the Stock of Government Debt in Canada at the End

question 17

Multiple Choice

Suppose the stock of government debt in Canada at the end of one fiscal year is $475 billion.If the stock of debt falls to $461 billion by the end of the next fiscal year,then we know that in that year

• A)the government had a primary budget surplus of $14 billion.
• B)the government had a primary budget deficit of $14 billion.
• C)tax revenues increased by $14 billion.
• D)the government had an annual budget surplus of $14 billion.
• E)debt-service payments fell by $14 billion.

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Definitions:

Myelinated Axons

Axons that are coated with a protective layer of myelin, which helps to speed the transmission of electrical signals along the nerve cells.

Gray Matter

Gray matter and is a component of the brain and spinal cord, consisting of neuronal cell bodies, dendrites, and unmyelinated axons, playing a crucial role in processing information.

Refractory Period

The time after an action potential during which a neuron’s cell membrane is unprepared for the next action potential.

Action Potential

A brief electrical impulse that travels down a neuron, triggering the release of neurotransmitters.