Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true ?

• A) The national debt is the current year's amount by which the government is spending more than it collects as taxes.
• B) Deficits are financed by the government issuing for sale more government securities.
• C) The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt.
• D) Internal national debt is the portion of the national debt owed to foreigners.

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Definitions:

Turkey

A country located at the crossroads of Europe and Asia known for its historical heritage, or a domesticated bird often raised for its meat.

Mashed Potatoes

A dish commonly made by boiling and then mashing potatoes, often seasoned or mixed with milk and butter.

Exercise

Physical activity that is planned, structured, and repetitive for the purpose of conditioning any part of the body.

Budget Line

All the consumption bundles available to a consumer who spends all of his or her income.