Question

If a country wants to decrease its national debt as quickly as possible, what
kind of budget will it most likely create?
A. One that decreases taxes and decreases spending
B. One that decreases taxes and increases spending
C. One that increases taxes and decreases spending
D. One that increases taxes and increases spending

Answer 1

Most definitely and without a doubt C

Answer 2

If a country wants to decrease its national debt, one that increases taxes and decreases spending.

What is the national debt?

The national debt is the debt of the country.

It is the money the country borrowed from the World Bank.

Manipulation in the interest rates and lower interest rates helps in lowering the national debt.

Thus, the correct option is C. One that increases taxes and decreases spending

Learn more about national debt

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