The national debt
A)Is paid off each fiscal year when the debt is refinanced.
B)Will never be paid off in any given year,but it will be entirely paid off when it is refinanced over a number of years.
C)Will be paid off when the budget is finally balanced.
D)Equals the dollar amount of outstanding U.S.Treasury bonds.

Question

Quizplus · Accepted Answer

The national debt equals the total dollar amount of all outstanding U.S. Treasury bonds and other government financial obligations. It is not paid off annually but accumulates over time as the government borrows more to cover its expenditures.

The National Debt