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Basic Question 4 of 8
The net amount that the government has borrowed is the ______.
B. government debt
C. budget surplus
A. budget deficit
B. government debt
C. budget surplus
User Contributed Comments 2
| User | Comment |
|---|---|
| magicchip | deficit is for any particular year, while debt is the total borrowing of the government. |
| Inaganti6 | good one magic chip |
Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh
Learning Outcome Statements
describe roles and objectives of fiscal policy as well as arguments as to whether the size of a national debt relative to GDP matters
CFA® 2025 Level I Curriculum, Volume 1, Module 3.