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