Suppose the stock of government debt in Canada at the end of one fisca end of the next fiscal year, then we know that in that year O A. the government had a primary budget deficit of $19 billion. O B. the government had a primary budget surplus of $19 billion. OC. the government had an overall budget deficit of $19 billion. D. the government had an overall budget surplus of $19 billion.
Suppose the stock of government debt in Canada at the end of one fisca end of the next fiscal year, then we know that in that year O A. the government had a primary budget deficit of $19 billion. O B. the government had a primary budget surplus of $19 billion. OC. the government had an overall budget deficit of $19 billion. D. the government had an overall budget surplus of $19 billion.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...
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