Question

Which of the following best describes the term 'Public Debt'?

• A. The total amount of money owed by the citizens of a country
• B. The total investments made by the government
• C. The total revenue generated by the government
• D. The total amount of money owed by the government to its creditors

Answer 1

Answer:

D. The total amount of money owed by the government to its creditors

• Public debt refers to the total financial obligations incurred by a government. This encompasses money borrowed by the government from various sources to finance its expenditures.