Macroeconomics, 9/e

Campbell R. McConnell, University of Nebraska, Lincoln
Stanley L. Brue, Pacific Lutheran University
Thomas P. Barbiero, Ryerson University

Deficits, Surpluses, and the Public Debt

Chapter Objectives

In this chapter you will learn:

What a budget deficit and a budget surplus are, and their connection to the public debt.

About the recent history of Canada's budget surpluses, deficits and public debt.

The misconceptions about budget deficits and the national debt.

The substantive issues about budget deficits and the public debt.

The effect of the recent budgetary surplus.

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