How is the national debt described?
A) as the cumulative total owed to Canada by foreign countries
B) as the amount of money owed each year by the taxpayers
C) as the cumulative total of the government's annual budget deficits
D) as the total amount owed by corporations

Question

Quizplus · Accepted Answer

The national debt is the cumulative total of the government's annual budget deficits. It represents the amount of money that the government has borrowed and still owes to its creditors.

How Is the National Debt Described