https://www.investopedia.com/updates/usa-national-debt/
and
http://www.investorwords.com/3201/National_Deficit.html
#2 is incorrect.
What is the difference between the national debt and national deficit?
A. The deficit is how much more the government makes every year while the debt is the sum of these deficits every year
B. The deficit is how much more the government spent than brought in in one year while the debt is the sum of deficits over years.
C. The debt is how much more the government makes every year while the deficit is the sum of these debts every year*
If the government wants to limit citizens buying a specific type of product like cigarettes, they can implement this on the product...
A. Excise Tax
B. Sanctions
C. Income Tax*
1 answer
1 answer