The difference between the gross public debt and the net public debt is that the a. gross public debt includes government interagency borrowing while the net public debt does not. b. the gross public debt is expressed as a percentage of GDP while the net public debt is not. c. gross public debt is based on budget deficit while the net public debt is not based on budget deficits. d. gross public debt includes entitlements while the net public debt does not.
The difference between the gross public debt and the net public debt is that the a. gross public debt includes government interagency borrowing while the net public debt does not. b. the gross public debt is expressed as a percentage of GDP while the net public debt is not. c. gross public debt is based on budget deficit while the net public debt is not based on budget deficits. d. gross public debt includes entitlements while the net public debt does not.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...
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Transcribed Image Text:The difference between the gross public debt and the
net public debt is that the a. gross public debt includes
government interagency borrowing while the net
public debt does not. b. the gross public debt is
expressed as a percentage of GDP while the net public
debt is not. c. gross public debt is based on budget
deficit while the net public debt is not based on budget
deficits. d. gross public debt includes entitlements while
the net public debt does not.
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