The net public debt is defined as
A) the total amount owed by all individuals, corporations, and governments in the United States.
B) the total amount owed by the federal government to individuals, businesses, and foreigners.
C) a percentage of the gross national product.
D) money not available for private use.
E) the total amount of all interagency borrowings within the government.
B
You might also like to view...
Explain the difference between flat and progressive income taxes. Which do you think is the fairer tax?
What will be an ideal response?
Which of the following are true regarding Congressional ethnic composition?
a. Whites and African-Americans are underrepresented. b. Hispanics and Whites are overrepresented while African-Americans are underrepresented. c. African-Americans are overrepresented and Hispanics are underrepresented. d. Whites are overrepresented and Hispanics are underrepresented.