If the Nominal Deficit Is $300 Billion, Inflation Is 10

question 1

Multiple Choice

If the nominal deficit is $300 billion, inflation is 10 percent, and total debt is $2 trillion, then the real deficit is equal to:

• A)−$20 billion.
• B)−$100 billion.
• C)$20 billion.
• D)$100 billion.

---

Definitions:

Important Ideas

Concepts or thoughts that hold significant value or relevance to a particular context or discussion.

Mobile Devices

Handheld electronic devices that have computing capabilities, including smartphones and tablets.

Linear

Characterized by progression from one stage to another in a single series of steps; sequential.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs, setting the tone for the paragraph's content.