Which of the following statements is incorrect?
A) Budget deficits raise the national debt.
B) The concepts of deficit and debt are closely related.
C) Getting rid of the deficit eliminates accumulated debt.
D) Budget surpluses lower the national debt.
Correct Answer:
Verified
Q95: Lately, the ratio of debt to GDP
Q96: To correct the budget deficit for inflation,
Q97: Under a balanced budget policy, a sharp
Q98: One measure of "ability to pay" the
Q99: The structural deficit/surplus budget
A)measures the federal budget
Q101: The budget deficits of the 1980s and
Q102: The structural deficit is equal to expenditures
A)plus
Q103: Why do economists think that the structural
Q104: If the inflation rate falls, what will
Q105: What happens typically to a budget deficit
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