Which of the Following Is True

question 64

Multiple Choice

Which of the following is true ?

• A) A budget deficit will have no impact on the national debt.
• B) A budget deficit will increase the national debt.
• C) A balanced budget will increase the national debt.
• D) A budget surplus will increase the national debt.

---

Definitions:

Creditor Beneficiary

A third party that benefits from a contract, specifically where one party promises to pay a debt owed by another party to this third party.

Donee Beneficiary

A third party that benefits from a contract wherein the promisor agrees to give a gift or confer a benefit directly to the third party.

Assignment

The transfer of rights, duties, or property from one party to another, often used in the context of contracts and property law.

Developer

An individual or organization that undertakes the process of planning, designing, and constructing buildings or land into a new or altered use.