Answered

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In a land called Fantasia the amount, by which the federal expenses exceed the federal income in one year is called the "Federal Budget Deficit". Fantasia has never had a budget surplus and by 1998 the Federal Budget Deficit in Fantasia was $60 Billion; one year later it was $40 Billion. Please check which of the following statements are true, false, or unknown. The Minister of Finance could reduce the public debt from 1998 to 1999 by a third.

a. False
b. True

Sagot :

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