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Author Question: Explain the differences between the public debt and the government budget deficit. What will be ... (Read 120 times)

moongchi

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Explain the differences between the public debt and the government budget deficit.
 
  What will be an ideal response?

Question 2

Ways to ration goods include
 
  A) first-come, first-served.
  B) political power.
  C) prices.
  D) all of the above.



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aidanmbrowne

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Answer to Question 1

The public debt is a stock measured at a point in time, while the government budget deficit is a flow measure. The public debt changes as a result of government budget deficits or surpluses. The public debt is the total value of all outstanding federal government securities.

Answer to Question 2

D





 

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