The federal debt is a stock variable that measures the net accumulation of prior federal deficits.

Name: The federal debt is a stock variable that measures the net accumulation of prior federal deficits.
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The federal debt is the total amount of money that the federal government owes to various creditors as a result of past borrowing to finance expenditures that exceeded revenue. It is a stock variable because it represents the cumulative effect of all past deficits and surpluses.

The Federal Debt Is a Stock Variable That Measures the Net