The Sum of Past Budget Deficits Minus the Sum of Past

question 22

Multiple Choice

The sum of past budget deficits minus the sum of past budget surpluses refers to

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

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Definitions:

Index Number

A numerical indicator that reveals variations in a single variable or a collection of variables across a period.

Sales Increased

An upward trend in the quantity or volume of goods or services sold by a business within a particular time frame.

CPI Increased

A rise in the Consumer Price Index, indicating a general increase in the prices of consumer goods and services.

4%

An interest rate or percentage representing a part of a whole, especially in the context of financial rates.