If the National Debt Is Owed Entirely to U

question 74

Multiple Choice

If the national debt is owed entirely to U.S.citizens,

• A)paying off the debt will necessarily stimulate growth.
• B)future interest payments on the debt are not a burden to the nation as a whole.
• C)future economic growth will necessarily be slowed.
• D)the debt constitutes a burden to these citizens.

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Definitions:

Cash Flow Activities

Financial transactions and events that affect the inflow and outflow of cash for a company.

Statement of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company, revealing how a company raises and spends money.

Current Assets

Holdings that are planned to be turned into cash, sold off, or consumed in the span of one year or over the course of the operating cycle, if it extends beyond a year.

Accumulated Depreciation

Represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, reflecting its reduction in value over time.