Public debt represents:
A) cumulative shortfalls in the government budget.
B) only the deficits the government is currently repaying.
C) what the government owes to foreign lenders.
D) what the government owes to domestic lenders.

Question

Quizplus · Accepted Answer

Public debt represents the cumulative shortfalls in the government budget, encompassing all deficits over the years, not just current deficits or debts owed exclusively to foreign or domestic lenders.

Public Debt Represents