The total value of all outstanding federal government securities is called
A)the budget deficit.
B)the public debt.
C)the trade deficit.
D)crowding out.

Question

Quizplus · Accepted Answer

The public debt refers to the total value of all outstanding federal government securities, including Treasury bonds, bills, and notes. The budget deficit is the amount by which the government's spending exceeds its revenue in a given year, and the trade deficit is the difference between a country's imports and exports. Crowding out is a situation in which government borrowing leads to higher interest rates and less borrowing by households and businesses.

The Total Value of All Outstanding Federal Government Securities Is