The Sum of Past Federal Deficits Is Reflected in the Federal

question 33

Multiple Choice

The sum of past federal deficits is reflected in the federal:

• A) cyclical debt.
• B) Congressional debt.
• C) national debt.
• D) GDP debt.

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Definitions:

Testator

A person who has made a will or given a legacy.

Inadvertent Destruction

Unintentional damage or ruin of something, often resulting in loss or impairment.

Partial Revocation

The act of cancelling or annulling a portion of a legal document while leaving the rest unchanged.

Trustee

A trustee is an individual or organization that holds and manages assets or property for the benefit of another party, under a trust agreement.