The Difference Between Gross Public Debt and Net Public Debt

question 66

Multiple Choice

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

• A) net public debt includes interagency borrowing while the gross domestic product debt does not.
• B) net public debt is expressed in real terms while gross public debt is expressed in nominal terms.
• C) gross public debt includes interagency borrowing while net public debt does not.
• D) gross public debt is held by individuals while net public debt is held by the government.

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