If the Government Owes $3,500 Billion and Then Borrows $300

question 16

Multiple Choice

If the government owes $3,500 billion and then borrows $300 billion more this year,

• A)the debt is $300 billion and the deficit is $3.8 trillion
• B)the debt is $3,800 billion and the deficit is $300 billion
• C)the debt is $4,100 billion
• D)the deficit is $3,800 billion
• E)both the debt and the deficit are $3.8 trillion

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Definitions:

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