Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true?

• A)There is no relationship between the federal deficit and the federal debt.
• B)A federal deficit adds to the federal debt.
• C)The change in the federal deficit each year equals the federal debt.
• D)The federal debt is the same as the federal deficit.
• E)The federal debt grew in the period when there was a federal budget surplus.

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Definitions:

Volume-related Measures

Metrics that are influenced by or correlate with the volume of production or sales.

Plantwide Overhead Rate Method

A single overhead absorption rate used across an entire factory or plant, applied to all units produced regardless of department or product line.

Unit Of Product

A unit of product is a standard measure of quantity or output which can be counted or used to quantify inventory, production, or sales in business operations.

Cost Object

Anything for which cost data is collected and analyzed, including products, services, departments, and activities.