Which of the Following Best Describes the Relationship Between Government

question 38

Multiple Choice

Which of the following best describes the relationship between government deficit and government debt?

• A)If the government currently has a budget deficit, currently it must have also a debt.
• B)If the government currently has a budget deficit, the debt is increasing.
• C)If the government currently has a budget deficit, government expenditures must be less than taxes.
• D)If the government currently has a budget deficit, national savings must be higher.

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Definitions:

Sample Size

The number of individuals or observations used in a sample to estimate characteristics of an entire population.

Point Estimate

A single value given as an estimate of a population parameter that is unknown.

Population Parameter

A numerical value that describes a characteristic of an entire population, such as the mean or standard deviation.

Point Estimate

A single value given as the best guess or estimate of a population parameter based on sample data.