______ is the total accumulation of past budget deficits less surpluses.

Question

Quizplus · Accepted Answer

The total accumulation of past budget deficits less surpluses is known as the public debt. Option A refers to the amount by which government spending exceeds revenue in a single fiscal year, option B is the opposite of the budget deficit and refers to when government revenue exceeds spending in a fiscal year, and option D is the total amount spent by the government regardless of whether it is financed by borrowing or revenue.

______ Is the Total Accumulation of Past Budget Deficits Less