Which statements accurately describe debts and deficits? Select all that apply.
1-The deficit is the amount a government spends above what it brings in.
2-The government's debt represents how much it owes from borrowing to pay for expenditures.
3-Deficits cause debt to decrease.
4-Deficits cause debt to increase.
5-Debt is free and has few consequences for the government.
6-Debt requires a government to pay back more than it has borrowed.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which statements accurately describe debts and deficits? Select all that apply. 1-The deficit is the amount a government spends above what ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The use of physical restraint by a police officer when dealing with a member of the public is called
Answers (1)
With some exceptions, it is a criminal offense for a minor to: a) Purchase alcohol b) Attempt to purchase alcohol c) Possess alcohol d) Consume alcohol e) All of the above f) None of the above
Answers (1)
O'connor argues that the crisis of overproduction stems from a "contradiction" in the structure of the economy. what does this mean?
Answers (1)
In the United States, which religious group was first to condemn slavery? A) the Catholics B) the Protestants C) the Episcopalians D) the Quakers
Answers (1)
Which of the following households most likely has the greatest need for life insurance? a. Independently wealthy adult. b. Single adult living alone. c. Adult child living with parents. d. Household with children. e. Retired couple with a pension.
Answers (1)
New Questions in Social Studies
Ali is being treated for a shoe fetish. the therapist pairs electric shock with the sight and touch of shoes. the therapist also is teaching ali to engage in appropriate social skills and how to feel sexual pleasure without resorting to shoes.
Answers (1)
Which involves making economic choices based on customs? market economy traditional economy command economy mixed economy
Answers (1)
Governments become involved in sports because they often are the only organizations with officials who do not have conflicts of interests related to sports.
Answers (1)
In which country was Saddam Hussein the leader? A: Syria B: Kuwait C: Iran D: Iraq
Answers (2)
As a member of Congress, what changes would you suggest to fiscal policy to balance the budget? Explain at least two ways you would use the tools of fiscal policy to balance the budget by recommending an "increase" or "decrease" to each tool in your
Answers (1)