The Difference Between the Gross Public Debt and the Net

question 109

Multiple Choice

The difference between the gross public debt and the net public debt is that the

• A) gross public debt includes entitlements while the net public debt does not.
• B) gross public debt is based on budget deficit while the net public debt is not based on budget deficits.
• C) gross public debt includes government interagency borrowing while the net public debt does not.
• D) the gross public debt is expressed as a percentage of GDP while the net public debt is not.

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Definitions:

Construction Industry

Refers to the sector of the economy that focuses on the building and assembling of infrastructure, buildings, and other physical structures.

Wagner Act

The Wagner Act, also known as the National Labor Relations Act of 1935, secured the right of workers to form unions and engage in collective bargaining with employers.

Bargain Collectively

The process by which employees negotiate contracts with their employers regarding wages, benefits, hours, and other conditions of employment through their representatives.