1. Questions

Government

What is the public debt?
a. borrowed money
b.the amount the government spends that exceeds its income
d. the total amount of money owed by the federal Government

D

  1. 👍
  2. 👎
  3. 👁
jere

  1. Correct.
    Accordig to Wikipedia:
    "The United States public debt, commonly called the national debt, or U.S. government debt, is the amount of money owed by the United States federal government to creditors who hold U.S. Debt Instruments. ...
    This does not include the money owed by states, corporations, or individuals, nor does it include the money owed to Social Security beneficiaries in the future."

    1. 👍
    2. 👎
    drwls

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    Lana has $60. She spends 80% of the money. She invests the remaining amount and earns a profit of 80%. How much money does she now have?

  2. Algebra

    a) Research the financial crisis in Greece and summarize it in one-two paragraphs. Note: Paragraphs consists of three complete sentences. This is an academic assignment where you need to use proper grammar (i.e., capitalization,

  3. social studies

    What characterized spain's golden age? A. Government investment in the arts B. The development of new technology in science and medicine***** C. A reduction in Spanish debt abroad D. Increased public spending on education

  4. Math

    A man goes into a store and says, " If you give me as much money as I have with me now, I will spend $10.00 in your store." The proprietor agrees, and the man spends the money. He goes into a second store and again says, "If you

  1. Math

    joanne earns $720 a week. She spends 1/3 of her money grocery and household goods and 3/4 of the remaining money on rent. How much money does she spends on rent, groceries and household goods?

  2. Math

    Mrs Allen spends 3/5 of her money at the grocery store. Next she spends 3/5 of her remaining money at the petrol station. She then has $8.00 left. I know the answer is $50 BUT I need to explain why its right please explain on a yr

  3. Maths

    Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years. (A) the sum of money paid in interest to the bank. (B) the total amount of money repaid to the bank. (C) the value of each monthly installment.

  4. math

    A cereal company finds that the number of people who will buy one of its products in the first month that it is introduced is linearly related to the amount of money it spends on advertising. If it spends $40,000 on advertising

  1. Math

    Kanchan spends 1/2 of her money in one shop .she spends 1/3 of what was left with her on rickshaw fare. At the end she has rs 20 with her .how much did she have in the beginning?

  2. Maths

    Funke gets 2.50 naira as pocket money, she spends 75 kobo and saves the rest. What is the ratio of her savings to the amount she spends.?

  3. American Government

    Please check my answers 2. What does congressional power of the purse refer to? A. Congress taxes all individuals who earn money in the US B. Congress taxes all corporations who make a profit in the US C. Congress finances the

  4. Calculus

    The relationship between the amount of money x that Cannon Precision Instruments spends on advertising and the company's total sales S(x) is given by the following function where x is measured in thousands of dollars. S(x) =

You can view more similar questions or ask a new question.