The public debt is A) an excess of government spending over governmen
The public debt is
A) an excess of government spending over government revenues during a given time period.
B) all federal government debt irrespective of who owns it.
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) the total value of all outstanding federal government securities.
ANSWER
D
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