- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 3. Fiscal Policy
- Subject 2. Roles and Objectives of Fiscal Policy
CFA Practice Question
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
Correct Answer: B
User Contributed Comments 2
User | Comment |
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magicchip | deficit is for any particular year, while debt is the total borrowing of the government. |
Inaganti6 | good one magic chip |