Which of the following statements is true? a. The national debt is the current years amount by
Question:
Which of the following statements is true?
a. The national debt is the current year’s amount by which the government is spending more than it collects as taxes.
b. Deficits are financed by the government issuing for sale more government securities.
c. The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt.
d. Internal national debt is the portion of the national debt owed to foreigners.
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b Deficits are fi...View the full answer
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