ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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all of the years of deficits combinded together
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more taxes collected than spent
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how much the government spends
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what the president spends money on
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Detailed explanation-1: -A country’s national debt is the sum of such annual budget deficits and any offsetting surpluses. It is the total amount of money that a country owes creditors.
Detailed explanation-2: -What is the national debt? The national debt ($31.46 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the nation’s history. $
Detailed explanation-3: -The debt is the total amount of money the U.S. government owes. It represents the accumulation of past deficits, minus surpluses. Debt is like the balance on your credit card statement, which shows the total amount you have accrued over time.
Detailed explanation-4: -Debt per person is calculated by dividing the debt outstanding by the population of the United States, as published by the US Census Bureau. The $31 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.
Detailed explanation-5: -Debt held by the public is composed of Treasury Bills, Notes, Bonds, Treasury Inflation-Protected Securities (TIPS), Floating Rate Notes (FRNs), Domestic Series, Foreign Series, State and Local Government Series (SLGS), United States Savings Securities, and a portion of Government Account Series (GAS) securities.