What is deficit, and why is the government willing to do this?What is expected to happen to the US debt in the future?What categories do we spend the most federal money on?Is the US worse off when it comes to national debt then other countries?Who does the US owe money too?Who owes the US the most amount of money?

At the point when a government's expenditures on goods, services, or transfer payments surpass their…

Answered: What is deficit, and why is the…

What is deficit, and why is the government willing to do this? What is expected to happen to the US debt in the future? What categories do we spend the most federal money on?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 5E

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Question

What is deficit, and why is the government willing to do this?
What is expected to happen to the US debt in the future?
What categories do we spend the most federal money on?
Is the US worse off when it comes to national debt then other countries?
Who does the US owe money too?
Who owes the US the most amount of money?

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