The Only Way to Reduce the National Debt Is to Run

question 90

True/False

The only way to reduce the national debt is to run budget surpluses.
Whenever there's a budget deficit,the national debt increases.On the other hand,the debt would decrease if the federal government ran a budget surplus.

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Definitions:

U.S. Tariff

A tax imposed by the United States government on imports or exports of goods.

Oil

A fossil fuel that is used primarily for energy production and as a raw material in the manufacturing of plastics and other chemicals.

Domestic Quantity

The total amount of a good or service produced within a country's borders and available for consumption or sale in the domestic market.

Supplied

Refers to the amount of a good or service that producers are willing and able to sell at a given price.