If the Government Currently Has a Budget Deficit,then

question 171

Multiple Choice

If the government currently has a budget deficit,then

• A)it does not necessarily have a debt.
• B)its debt is increasing.
• C)government expenditures are greater than taxes.
• D)All of the above are correct.

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Definitions:

General Welfare

A clause in the Constitution that allows Congress to pass laws deemed necessary and proper for the health and well-being of the American populace.

Constitution

Essential rules or conventional norms that dictate how a state or similar body is managed.

Republican Party

An alternative name for Republicans, emphasizing its role as one of the two major political parties in the United States, also known as the GOP (Grand Old Party).

Jay's Treaty

A 1794 agreement between the United States and Great Britain that sought to resolve outstanding issues from the Treaty of Paris (1783) and facilitated ten years of peaceful trade between the two nations.