The public debt is the:

Name: The public debt is the:
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Question

Quizplus · Accepted Answer

The public debt is defined as the total amount of money owed by the government to its creditors, which is the accumulation of all past deficits minus all past surpluses. Option A is incorrect because the amount of paper currency in circulation is known as the money supply. Option B is incorrect because it refers to a ratio rather than a total amount. Option D is incorrect because it only looks at the current situation rather than the overall debt.

The Public Debt Is The