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Which of the following statements is true?



A. A budget deficit occurs when government expenditures exceed tax receipts during any single year.
B. The public debt is the total amount the federal government owes its creditors.
C. The gross public debt is greater than the net public debt.
D. B and c
E. A, b, and c

This question is part of Test 3 Econ
Asked by Uisnech, Last updated: Feb 22, 2020

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1 Answer

John Smith

John Smith

Answered Mar 24, 2017

A, b, and c
 

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