The Difference Between a Budget Deficit and Government Debt Is

question 375

Multiple Choice

The difference between a budget deficit and government debt is that:

• A)a deficit is the amount by which government spending exceeds tax revenues, whereas debt is the sum of money the government owes.
• B)debt is the amount by which government spending exceeds tax revenues, whereas a deficit is the sum of money the government owes.
• C)a deficit is measured as of a particular time, whereas debt is measured over time.
• D)a deficit harms the economy, whereas debt improves the economy.

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