Which of the Following Correctly Describes the National Debt

question 58

Multiple Choice

Which of the following correctly describes the national debt?

• A) The excess of annual federal expenditures over annual federal tax revenues.
• B) Annual federal expenditures less annual federal tax revenues plus foreign U.S. bonds purchases.
• C) The total amount of money owed by the federal government.
• D) None of the above.

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Definitions:

Superfatted Soap

A type of soap that contains extra fats or oils, beyond what is needed to react with the lye, to moisturize the skin.

Microorganisms

Tiny living organisms, such as bacteria, viruses, fungi, and protozoa, that can only be seen under a microscope.

Contaminated

Something that has been made impure or unsuitable by contact or mixture with an unclean or harmful substance.

Plaque Formation

The accumulation of substances on the inner lining of arterial walls, which can lead to arterial blockages and cardiovascular diseases.