Which of the Following Statements About the Budget Deficit Is

question 117

Multiple Choice

Which of the following statements about the budget deficit is TRUE?

• A) It is a stock variable.
• B) It is a flow variable.
• C) It is equal to the public debt.
• D) none of the above

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Definitions:

Drawing

In accounting, refers to the withdrawal of cash or goods by the owner from a business for personal use.

Account Group

An account group is a categorization of individual financial accounts in the general ledger that helps organize and report financial information.

Owner's Equity

The portion of a company’s assets that belongs to the owners after liabilities have been deducted.

Supplies

Items that are used in the daily operations of a business or organization, often consumed in the process.