The sum of past budget deficits minus the sum of past budget surpluses refers to
A. the national debt.
B. the cyclically unbalanced budget.
C. the structural national debt.
D. the federal government net worth.
Answer:A
The sum of past budget deficits minus the sum of past budget surpluses refers to
A. the national debt. B. the cyclically unbalanced budget. C. the structural national debt. D. the federal government net worth.