The sum of all past budget deficits and surpluses of the federal government is the
A) budget deficit.
B) budget surplus.
C) national debt.
D) trade deficit.

Name: The sum of all past budget deficits and surpluses of the federal government is the A) budget deficit. B) budget surplus. C) national debt. D) trade deficit.
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Question

Quizplus · Accepted Answer

The sum of all past budget deficits and surpluses is the national debt, which is the total amount of money the federal government owes.

The Sum of All Past Budget Deficits and Surpluses of the Federal