The total value of all outstanding federal government securities is
A) a flow variable.
B) the budget deficit.
C) total personal wealth.
D) none of the above.

Question

Quizplus · Accepted Answer

The total value of all outstanding federal government securities is a stock variable, representing the cumulative amount of debt issued by the government. It is not a flow variable, which measures the rate of change over time, the budget deficit, which is the difference between government spending and revenue in a particular period, nor is it total personal wealth, which includes all assets held by individuals, not just government securities.

The Total Value of All Outstanding Federal Government Securities Is