All of the Following About the U

question 31

Multiple Choice

All of the following about the U.S. deficit is true EXCEPT

• A) Running a deficit-bringing in less than is spent-can be beneficial in the short run as it allows the government to borrow money to help stimulate the economy.
• B) Unlike the national government, most state governments do not have the ability to continually run a large annual deficit.
• C) The size of the national debt could slow national economic growth because it diverts money that could be spend on private sector activities.
• D) In 2014, the national government will spend about $230 billion in interest on a national debt that is about $17.5 trillion.
• E) The term national debt refers to the gap between income and expenditures run by the federal government.

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Definitions:

Manufacturer

A person or company that makes goods for sale in large quantities.

Domain

The set of all possible input values (typically x values) for which a given function is defined.

Rational Function

A type of function defined by the ratio of two polynomials, where both the numerator and the denominator are polynomials.

Rational Expression

An expression formed by the quotient of two polynomials, resembling a fraction in which both numerator and denominator are polynomials.