Select the correct term for each of the following definitions in the table. Definitions A legislated legal limit on the national debt The official title for the proposed budget submitted to Congress by the president Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The portion of the national debt owed to a nation's own citizens The total amount owed by the federal government to owners of government securities Terms Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/In national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States
Select the correct term for each of the following definitions in the table. Definitions A legislated legal limit on the national debt The official title for the proposed budget submitted to Congress by the president Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or surplus The portion of the national debt owed to a nation's own citizens The total amount owed by the federal government to owners of government securities Terms Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/In national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Inter national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal national debt/National debt/Net public debt/The Budget of United States
Chapter12: Federal Budgets And Public Policy
Section: Chapter Questions
Problem 3.8P
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Transcribed Image Text:2. Federal deficits, surpluses, and the national debt
Select the correct term for each of the following definitions in the table.
Definitions
A legislated legal limit on the national debt.
The official title for the proposed budget submitted to Congress by the president
Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget
deficit or surplus
The portion of the national debt owed to a nation's own citizens
The total amount owed by the federal government to owners of government securities
Terms
Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal
national debt/National debt/Net public debt/The Budget of United States
Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal
national debt/National debt/Net public debt/The Budget of United States
Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national debt/Internal
national debt/National debt/Net public debt/The Budget of United States
Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national
debt/Internal national debt/National debt/Net public debt/The Budget of United States
Budget resolution/Crowding-in effect/Crowding-out effect/Debt Ceiling/External national
debt/Internal national debt/National debt/Net public debt/The Budget of United States
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