Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

The national debt is:

A. The amount by which tax revenues exceed government spending for a given fiscal year.
B. The sum of all outstanding US Treasury bonds.
C. The amount by which government spending exceeds tax revenues for a given year.
D. The sum of all consumer debt and business debt.

Sagot :

GinnyAnswer
The national debt is defined as the sum of all outstanding US Treasury bonds. This means it is the total amount of money that the government owes to creditors. Unlike government deficits, which refer to the amount by which government spending exceeds tax revenues for a particular fiscal year, the national debt accumulates over time as a result of borrowing from various sources to cover these deficits.

Therefore, the correct choice is:

- The sum of all outstanding US Treasury bonds.

This represents the total debt the government has accrued, as it includes all past borrowings that have not yet been repaid.
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.