Choose the correct statements.

1. Government debt is the total amount of government borrowing.

2. Canadian government debt is currently equal to GDP.

3. Canada's debt dash to dash GDP ratio has never exceeded 100 percent.

4. Government debt is the sum of past budget deficits minus the sum of past budget surpluses.

A.

Statements 2 and 3

B.

Statements 1 and 4

C.

Statements 1 and 3

D.

Statements 2 and 4