The sum of past budget deficits minus the sum of past budget surpluses refers to
A) the cyclically unbalanced budget.
B) the national debt.
C) the structural national debt.
D) the federal government net worth.

Question

Quizplus · Accepted Answer

The sum of past budget deficits minus the sum of past budget surpluses refers to the national debt, which is the accumulation of all past deficits and surpluses.

The Sum of Past Budget Deficits Minus the Sum of Past