The national debt refers to
A) the total amount of money that Canada owes to its creditors.
B) the ratio of Canada's exports to its imports.
C) the result of government spending more in a year than the value of GDP.
D) the excess amount of taxes over what the government spends in one year.
E) the amount of taxes the government collects in one year.

Question

Quizplus · Accepted Answer

The national debt refers to the total amount of money that a country owes to its creditors, including both domestic and foreign lenders. This includes government bonds and other forms of borrowing.

The National Debt Refers to