During a specific year, if the federal government experiences a budget surplus,

Question

During a specific year, if the federal government experiences a budget surplus, then the national debt will:

Question 17 options:

decrease.

remain constant.

increase only if output is below potential output.

increase.

In general economists are more worried about:

Question 18 options:

structural deficits.

cyclical deficits.

cyclical surplus.

structural surplus.

If in one year the federal government's debt goes up by $20 billion, then the federal government budget:

Question 19 options:

deficit in that year must be $20 billion.

surplus in that year must be $20 billion.

deficit in that year increased by $20 billion.

surplus in that year decreased by $20 billion.

decrease.

remain constant.

increase only if output is below potential output.

increase.

Explanation / Answer

Ans 1. Decrease.

Ans 2. Structural deficits

Ans 3. Deficit in that year increased by $20 billion.

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