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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Definitions:

Deception

The act of misleading or misguiding someone by concealing or distorting the truth.

Peripheral-Route Processing

Type of information processing that involves attending to factors not involved in the message, such as the appearance of the source of the message, the length of the message, and other noncontent factors.

Central-Route Processing

Type of information processing that involves attending to the content of the message itself.

Cognitive Component

An aspect of our mental processes and attitudes, involving beliefs, thoughts, and awareness that contribute to our perceptions and reactions.