Federal debt is another name for federal budget deficit

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Reference no: EM13978395

Which of the following statements is true?

A: federal debt is another name for federal budget deficit.

B: each year the budget deficit of the federal government adds to the federal debt

C: each year the change in the federal budget deficit is equal to the level of the federal debt

D: federal debt is only what the federal government owes to other countries

Reference no: EM13978395

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