The Difference Between the Government's Debt and Its Deficit Is

The difference between the government's debt and its deficit is that the debt is the

A) accumulation of past deficits whereas the deficit is the annual shortfall between revenues and disbursements.
B) annual shortfall of revenues minus disbursements whereas the deficit is the accumulation of past debts .
C) difference between tax revenues and government expenditures whereas the deficit is the difference between tax revenues and borrowing.
D) amount the government pays in interest payments whereas the deficit has not yet incurred interest charges.
E) amount payable to the Bank of Canada whereas the deficit is the annual shortfall of revenue minus disbursements.