Which of the following is not correct?A. In2005 the U.S. government had a defici

Which of the following is not correct?A. In2005 the U.S. government had a deficit.B. A potential cost of deficits is that they reduce nationalsaving thereby reducing growth of the capital stock and outputgrowth.C. The U.S. debt per-person is large compared with average lifetimeincome.D. Deficits give peoplethe opportunity to consume at the expense of their children butthey do not require them to do so.