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Author Question: Related to the Economics in Practiceon p. 496: In 2014, the Congressional Budget Office estimated ... (Read 49 times)

khang

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Question 1

When a government runs a deficit


◦ its debt increases.
◦ it must raise taxes
◦ its debt decreases.
◦ it must cut spending.

Question 2

Related to the 
Economics in Practice on p. 496: In 2014, the Congressional Budget Office estimated that the federal debt was ________ percent of GDP.


◦ 24
◦ 42
◦ 74
◦ 100


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Marked as best answer by khang on Apr 19, 2019

akemokai

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khang

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


steff9894

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Reply 3 on: Yesterday
Excellent

 

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