1.______________________________ represents american's inability to live within its means

A/National debt

B/National surplus

2.Total Federal Debt =

A/(debt held by government programs x debt held by the public)

B/(debt held by government programs - debt held by the public)

C/(debt held by government programs + debt held by the public)

D/(debt held by government programs/debt held by the public)

3.If countries and investors are no longer willing to lend to the U.S. then the U.S. will need to ______________________ taxes and _____________________ government spending to help pay for the programs the U.S. is running.

A/increase; increase

B/decrease; increase

C/decrease; decrease

D/increase; decrease

4.If countries and investors are not willing to lend to the U.S. any more one other way to entice them to lend to the U.S. is if the U.S. will pay them a _________________________ interest rate.

A/lower

B/higher