Suppose the Stock of Government Debt in Canada at the End

question 127

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 rises to $482 billion by the end of the next fiscal year,then we know that in that year

• A)debt-service payments rose by $7 billion.
• B)the government had a primary budget surplus of $7 billion.
• C)the government had an annual budget deficit of $7 billion.
• D)the government had a primary budget deficit of $7 billion.
• E)tax revenues decreased by $7 billion.

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Definitions:

Left-handed

Referring to individuals who predominantly use their left hand for activities and tasks.

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The process by which individuals acquire and evolve their thinking skills, problem-solving abilities, and knowledge over time.

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An early form of drawing and writing for young children that involves random marks and lines, playing a crucial role in fine motor development and self-expression.

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The abilities required to control the large muscles of the body for walking, running, sitting, and other activities.