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.