Which of the Following Statements Is Correct Regarding Describing Budget

question 93

Multiple Choice

Which of the following statements is correct regarding describing budget deficits and the national debt?

• A)Canada's national debt is the amount of money Canada owes the United States.
• B)A budget deficit occurs when income tax revenue is less than interest payments on the national debt.
• C)A budget deficit occurs when government expenditures in a given year exceed government revenues.
• D)There is no relationship between annual budget deficits and the total national debt.
• E)The national debt is more important than annual budget deficits.

---

Definitions:

Violent

Violent pertains to actions involving physical force intended to hurt, damage, or kill someone or something, often associated with aggression and conflict.

Collective Action

The action taken together by a group of people whose goal is to enhance their status and achieve a common objective.

Economic Changes

Transformations or shifts in the structure or performance of an economy, influencing employment, wealth distribution, and resource allocation.

Functionalism

A theoretical perspective in sociology and anthropology that interprets society as a structure with interrelated parts.