Asked by
rebecca daniel
on Oct 13, 2024Verified
If the national debt is rising,the federal budget deficit
A) is definitely falling.
B) may still be falling.
C) is definitely constant.
D) is definitely rising.
National Debt
The total amount of money that a country's government has borrowed, by various means, to cover its spending in excess of tax revenues.
Federal Budget Deficit
The shortfall when the federal government's expenditures exceed its revenues within a fiscal year.
- Learn about the interrelationship between the federal budget's surplus or deficit conditions and national debt levels.
Verified Answer
AF
Learning Objectives
- Learn about the interrelationship between the federal budget's surplus or deficit conditions and national debt levels.