Total Government Debt is the sum of previous surplus and deficits.

Name: Total Government Debt is the sum of previous surplus and deficits.
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Total government debt is calculated by adding up all the previous deficits (where the government has spent more than it has earned) and surpluses (where the government has earned more than it has spent). This gives the overall amount of debt that a government has accumulated over time.

Total Government Debt Is the Sum of Previous Surplus and Deficits