Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
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 |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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® 2024 Level I Curriculum, Volume 1, Module 3.