Multiple Choice
Gross public debt is
A) an excess of government spending over government revenues during a given time period.
B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.
C) the total value of budget deficits plus budget surpluses over the past five years.
D) all federal government debt irrespective of who owns it.
Correct Answer:
Verified
Correct Answer:
Verified
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