Public debt is the: Select one: a. ratio of all past deficits to all past surpluses....

Question

Question

Public debt is the:

Select one:

a. ratio of all past deficits to all past surpluses.

b. difference between current government expenditures and revenues.

c. total household and corporate debt

d. total of all past deficits minus all past surpluses.

business economics

Answer 1

Answer #1

Public debt is total of all past deficits minus all past surpluses.

option d is the correct answer

Answer 2

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