The net sum of the budget deficit minus the surplus is the _____, or the amount that the government owes.

Question

Quizplus · Accepted Answer

The national debt is the total amount of money that a country's government has borrowed, by various means. It represents the sum of all budget deficits (the amount by which government spending exceeds revenue) minus any surpluses (the amount by which revenue exceeds spending) over the years.

The Net Sum of the Budget Deficit Minus the Surplus