The national debt is the total amount the ________ government has borrowed to make expenditures that ________ tax revenue.

Question

Quizplus · Accepted Answer

The national debt refers specifically to the debt incurred by the federal government, and this debt arises when government spending exceeds tax revenues. Therefore, the correct answer is federal government and expenditures that exceed tax revenue, which is answer choice C.

The National Debt Is the Total Amount the ________ Government