The Difference Between the Gross Public Debt and the Net

Multiple Choice

The difference between the gross public debt and the net public debt is

A) the sum of all previously accumulated government budget deficits and surpluses.
B) the sum of all previously issued U.S. government securities that have been purchased by foreign residents.
C) all private-sector borrowing from private sources.
D) borrowing of government agencies from other government agencies within the nation.