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The public debt is the?

A.) Amount of U.S. paper currency in circulation
B.) Ratio of all past deficits to all past surpluses
C.) Accumulation of all past deficits minus all past surpluses
D.) The difference between current government expenditures and current tax revenues

 

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Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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Related questions

Many economic analysts, including those at the US Congressional Budget Office, have forecasted growing US federal budget deficits. NOTE: The budget deficit is defined as the difference between all government expenditures and all government revenues - G-T. The size of the deficits grew after the enactment of the "Tax Cut and Jobs Act" in 2017.

As members of a team that is advising the US government, you are tasked with developing a plan which reduces the budget deficit by 1 trillion dollars over the forecast horizon specified: The starting year will be 2019 and your ending year will be 2028. To do so, you will have to recommend spending reductions, tax increases, or some combination thereof, over the years between the current year and the end of the horizon.

Q. To achieve the specified deficit reduction target ($1 trillion), decide the composition of the adjustments—how much tax, how much spending. Briefly discuss why you made your choices; you may introduce political considerations.

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