What is national debt?单项选择题

题目图片
A

a. A situation whereby the government is owed money by individuals who could not pay their taxes on time.

B

b. The accumulated total of budget deficits over time.

C

c. A situation that arises when the government borrows money in one particular year to make welfare payments.

D

d. The amount by which a government's spending exceeds its income over a particular period of time.

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What is national debt?

Consider the following data for a country called Monashland. [table] Year | Government spending | Tax Revenue 2015 | $900 billion | $750 billion 2016 | $750 billion | $850 billion 2017 | $800 billion | $600 billion [/table] Assume national debt was zero at the end of 2014. What is the national debt for Monashland at the end of 2017?

Consider the following data for a country called Monashland. [table] Year | Government spending | Tax Revenue 2015 | $900 billion | $750 billion 2016 | $750 billion | $850 billion 2017 | $800 billion | $600 billion [/table] Assume national debt was zero at the end of 2014. What is the national debt for Monashland at the end of 2017?

Question at position 7 Which of the following is true about a country’s national debt? 4MA54It increases when the country’s government has a budget deficit.It decreases when the country’s exports exceed its imports. It is the sum of the country’s trade deficit and government budget deficit.It decreases when national savings decrease. It increases when gross domestic product increases.

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