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Diego Anchondo
on Nov 11, 2024

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One way to measure national debt over time is relative to:

A) the cash flow of the banking system.
B) the economy's production and income.
C) credit sales of consumer durables over a year.
D) national home sales in large cities.
E) the economy's savings.

National Debt

National Debt is the total amount of money owed by a country's government to creditors, which can result from borrowing to cover budget deficits.

Economy's Production

The total value of all goods and services produced by an economy over a specific period, reflecting its productive capacity.

  • Comprehend the distinction between the federal budget deficit and the national debt.
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JR
Justin RifleyNov 12, 2024
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