In the calculation of net national debt, an adjustment is made for the amount that a government owes itself. A government can owe itself when:

Question

Quizplus · Accepted Answer

When government agencies with surpluses buy government debt securities, they are essentially lending money to other parts of the government. This internal transaction is considered when calculating the net national debt, as it represents an amount the government owes to itself.

In the Calculation of Net National Debt, an Adjustment Is