The U.S. national debt equals the sum of all recorded years of deficits.

Name: The U.S. national debt equals the sum of all recorded years of deficits.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The U.S. national debt reflects the cumulative amount of all past deficits (when the government spends more money than it brings in through taxes and other revenue sources) plus interest on that debt. Therefore, the total debt equals the sum of all recorded years of deficits.

The US National Debt Equals the Sum of All Recorded Years