Net public debt is
A) all federal public debt irrespective of who owns it.
B) gross public debt minus all government interagency borrowing.
C) all public debt minus all money owed on the federal income tax.
D) all public debt plus all government interagency borrowing.

Question

Quizplus · Accepted Answer

Net public debt is calculated by subtracting all government interagency borrowing from the gross public debt. This means it excludes the amounts that one part of the government owes to another part, providing a clearer picture of the debt owed to external creditors.

Net Public Debt Is