1. The real deficit is the nominal deficit adjusted for inflation\'s effect on e

Question

1. The real deficit is the nominal deficit adjusted for inflation's effect on existing debt.
Answer: True / False

2.If political instability and corruption could be eliminated, economic growth would increase in most developing countries.
Answer: True/False

3.A cash flow accounting system:
Choose one answer.
a. ignores cash inflows and outflows.
b. includes only cash inflows and outflows.
c. includes cash inflows and outflows as well as federal loan guarantees.
d. includes cash inflows and outflows as well as future obligations to the Social Security System.

Explanation / Answer

1.)True

The real deficit is the nominal deficit adjusted for inflation's effect on the existing debt

2.)False

3.).B

includes only cash inflows and outflows.

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