The summation of the past budget deficits.

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Chapter 13, Problem 4SQ

To determine

The summation of the past budget deficits.

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How does an increase in government spending without a change in taxes typically affect the national debt? A. The national debt decreases because government spending stimulates the economy. B. The national debt remains unchanged because the increase in spending is offset by economic growth. C. The national debt increases because government spending exceeds tax revenues. D. The national debt fluctuates unpredictably due to the complex nature of economic variables.

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When governments run budget deficits, how do they make up the differences between tax revenue and spending?