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The cumulative total of past federal budget deficits minus past surpluses (Points : 1) adds up to zero. is not important because it can never be a burden on future generations. is about one trillion dollars. is no longer statistically calculated. is known as the national debt.
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The cumulative total of past federal budget deficits minus past surpluses is known as the national debt.
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Asked 4/30/2017 8:52:34 PM
Updated 96 days ago|4/27/2021 10:42:37 AM
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The cumulative total of past federal budget deficits minus past surpluses is known as the national debt.
Added 96 days ago|4/27/2021 10:42:37 AM
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Questions asked by the same visitor
Keynes argued that planned saving was (Points : 1) not important. a function of the interest rate only. correctly matched to planned investment by the loanable funds market. too small, so the government should promote savings. a function of both interest rates and other factors.
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Not Answered
Updated 12/22/2017 11:01:47 PM
1 Answer/Comment
Keynes argued that planned saving was a function of both interest rates and other factors.
Added 12/22/2017 11:01:47 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [12/23/2017 7:13:08 AM]
The national debt (Points : 1) is larger in absolute terms but smaller as a share of GDP than ten years ago. cannot be larger than GDP. is largely the result of wars. is held only by Americans. only grows if the budget is in deficit.
Question
Updated 10/14/2018 11:45:41 PM
1 Answer/Comment
The national debt only grows if the budget is in deficit.
Added 10/14/2018 11:45:41 PM
This answer has been confirmed as correct and helpful.
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