Gross public debt is A) the total value of budget deficits plus budge

Gross public debt is

A) the total value of budget deficits plus budget surpluses over the past five years.
B) an excess of government spending over government revenues during a given time period.
C) 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.
D) all federal government debt irrespective of who owns it.

ANSWER

D