Sawaal
1
Q:

The federal government debt is equal to the

A) sum of past budget deficits minus the sum of past budget surpluses B) annual difference between federal government tax revenues and outlays
C) obligations of benefits from federal taxes and expenditures D) sum of all annual federal government outlays

Answer:   A) sum of past budget deficits minus the sum of past budget surpluses



Explanation:

The federal government debt is equal to the sum of past budget deficits minus the sum of past budget surpluses.

Subject: Indian Economy
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