If the Public Debt Increased by the Same Amount Each

question 63

Multiple Choice

If the public debt increased by the same amount each year during the past three years, then

• A) the U.S. government must have operated with the same budget surpluses during the past three years.
• B) the U.S. government must have experienced budget surpluses that increased by the same amount each of the past three years.
• C) the U.S. Treasury must have issued securities to fund a flow of government spending that exceeded a flow of tax revenues by the same amount during each of the past three years.
• D) during each of the past three years, the U.S. Treasury must have bought back the same amount of securities that had previously been issued to cover deficits experienced more than three years ago.

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Definitions:

Millimeters

A metric unit of length equal to one-thousandth of a meter.

Inches

A unit of linear measure in the Imperial and US customary systems, equal to 1/12 of a foot or 2.54 centimeters.

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A unit of weight in the imperial system, used primarily in the United States, equivalent to 0.453592 kilograms.