Net Public Debt Is Equal to

question 69

Multiple Choice

Net public debt is equal to

• A) the gross public debt minus current year tax revenue collection.
• B) the gross public debt minus taxes paid by foreign corporations on their profits made in the United States.
• C) the gross public debt plus all governmental interagency borrowing.
• D) the gross public debt minus all governmental interagency borrowing.

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Definitions:

Consumer Demand

The desire for specific goods or services that consumers are willing and able to purchase at given prices.

Goods And Services

Products and activities that fulfill consumer needs and wants, where goods are tangible items, and services are intangible experiences or tasks performed.

Discretionary Purchases

Expenditures on goods or services that are non-essential and made at the discretion of the consumer based on personal wants rather than needs.

Consumer Confidence

A measure of the overall economic optimism of consumers based on their spending and saving behaviors.