The national debt is defined as the total
A)amount that U.S.citizens owe to foreigners.
B)value that U.S.citizens borrow from foreigners during any time period.
C)value of government's indebtedness at any moment in time.
D)amount by which government's expenditures exceed receipts during any time period.

Question

Quizplus · Accepted Answer

The national debt is the total value of the government's indebtedness at any moment in time, including all outstanding government bonds and other securities. It represents the cumulative amount by which government expenditures have exceeded receipts over time.

The National Debt Is Defined as the Total