Which of the Following Is True of the National Debt

question 130

Multiple Choice

Which of the following is true of the national debt?

• A) A budget deficit will reduce 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.

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Definitions:

Sales Commission

A payment made to salespersons, often calculated as a percentage of sales revenue, for meeting or exceeding sales targets.

Maintenance

The activities and expenses related to the ongoing upkeep and repair of assets to ensure their functionality and efficiency.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, payroll, and raw materials.