Asked by
Shannon Grecco
on Nov 11, 2024
Verified
The national debt:
A) is a flow variable measuring the net accumulation of past deficits.
B) is a stock variable measuring the net accumulation of past deficits.
C) measures the amount by which government revenues exceed outlays in a particular year.
D) includes the projected liabilities of Social Security,Medicare,and other federal retirement programs.
E) includes outstanding liabilities of federal,state,and local governments minus government financial assets.
National Debt
The total amount of money that a country's government has borrowed by various means, including foreign governments, private investors, and international financial institutions.
Stock Variable
A measure of a quantity at a particular point in time, such as wealth or capital.
Flow Variable
A quantity that is measured over a specific period of time, such as income or expenditure.
- Acquire an understanding of the differing aspects of the federal budget deficit in contrast to the national debt.
Verified Answer
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Learning Objectives
- Acquire an understanding of the differing aspects of the federal budget deficit in contrast to the national debt.