ECO365H5 : 2010summer
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Which of the following best describes the relationship between government deficit and government debt?
a. |
If the government currently has a budget deficit, currently it must also have debt. |
b. |
If the government currently has a budget deficit, the debt is increasing. |
c. |
If the government currently has a budget deficit, government expenditures must be less than taxes. |
d. |
If the government currently has a budget deficit, national savings must be higher. |