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The federal debt can fluctuate from year to year based on the annual deficits and surpluses. Assume that a deficit is represented as a negative

The federal debt can fluctuate from year to year based on the annual deficits and surpluses. Assume that a deficit is represented as a negative number whereas a surplus is represented as a positive number. How is the federal debt derived? Select the correct answer below: the difference between deficits and surpluses the product of deficits and surpluses the quotient of debt and surpluses the sum of deficits and surpluses

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