The accumulation of borrowing by all federal government agencies is referred to as the

A$.$ net private debt.

B$.$ net public debt.

C$.$ gross private debt.

D$.$ gross public debt.

When considering the gross public debt, one can argue that it is overstated because

A$.$ the gross public debt is the pre$-$tax debt,

B$.$ the federal government owes itself money.

C$.$ the government borrows more than it needs as a precautionary measure.

D$.$ it includes household debt too.