Select the Term from the List Provided That Best Matches

question 86

Essay

Select the term from the list provided that best matches each of the following descriptions. The first is done for you.

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Definitions:

National Debt

The full amount of capital that a country's political authority has borrowed through a range of means.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by GDP growth.

Budget Deficits

The situation that occurs when a government spends more money than it receives in revenue over a specific period of time.

Federal Budget Deficits

The financial situation where the U.S. government's expenditures exceed its revenues within a fiscal year.