Gross public debt is the amount of funds that
A) U.S. residents owe to foreign residents.
B) states owe to the federal government.
C) the federal government owes to taxpayers.
D) the federal government owes to all holders of U.S. securities.

Question

Quizplus · Accepted Answer

Gross public debt represents the total amount of money that the federal government owes to all holders of U.S. securities, including individuals, companies, and foreign governments. It includes both the debt held by the public and the debt held by government accounts, such as the Social Security Trust Fund.

Gross Public Debt Is the Amount of Funds That