Question
The national debt seems to grown every year which means that nearly all presidential candidates talk about how they would reduce it, but few actually
Thenational debtseems to grown every year which means that nearly all presidential candidates talk about how they would reduce it, but few actually seem able to reduce it once in office. Some citizens believe that thenational debtwill never be repaid since the United States government continues to spend more money than it takes in year over year. What is the national debt?
a. | amount owed in one year for all borrowing | |
b. | amount US citizens owe the government for services | |
c. | total amount owed by the government for all borrowing | |
d. | excess income of the federal government |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started