Exam 13: Federal Deficits, Surpluses, and the National Debt

The United States has a much higher national debt as a percentage of GDP compared to other industrialized nations.

Which of the following is a valid concern about federal budget deficits?

The national debt is unlikely to cause national bankruptcy because the federal government can:

Each year, the president must submit a budget proposal to Congress by:

Which of the following is true if all the national debt were owned internally?

If the crowding-out effect is strong, how will the potency of discretionary fiscal policy be affected?

Since 1995, the net interest payment as a percentage of GDP has:

The sum of past federal budget deficits is the:

If the federal government were to run a budget deficit, this would:

The crowding-out effect can be:

Which of the following is true ?

Which of the following is true ?

Internal ownership of the debt refers to the portion of the national debt owned by government agencies.

If the federal government runs a budget _______, then the national debt becomes __________.

The crowding-out effect refers to:

One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the national debt held in recent years by foreigners is approximately:

If Congress fails to pass a budget before the fiscal year starts, then federal agencies may continue to operate only if Congress has passed a:

The huge national debt of the United States is likely to lead to bankruptcy of the national government.

Compared to most other industrialized countries shown in the text, the national debt as a percentage of GDP in the United States is:

Which of the following portions of the national debt impose a net interest burden on the federal government?