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C719
Module 9
| Question | Answer |
|---|---|
| The budget deficit is a _________ concept. | Flow |
| The national debt is a _________ concept. | Stock |
| When government spending exceeds tax revenues. | Budget deficit |
| When government spending is less than tax revenues. | Budget surplus |
| Each year the national debt will increase by the amount of the... | Budget deficit |
| During a recession, the budget deficit increases due to... | Automatic Stabilizers |
| The national debt is less of a burden if it is owned mostly by... | Citizens |
| The national debt is more of a burden if it is owned mostly by... | Foreigners |
| Measure used to compare the national debt of two countries. | Debt-to-GDP ratio |
| Keynesians believe the budget should be balanced over the... | Business cycle |