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Debt that shows the historical accumulated record of federal government expenditures is called ____________?

National debt is the total amount of money that a country’s government owes, accumulated over time from borrowing to cover budget deficits. It represents the historical record of federal government expenditures exceeding revenues.... Read More

1 FINANCE MCQS

Debt that shows the historical accumulated record of federal government expenditures is called ____________?

  • National debt
  • International debt
  • Global debt
  • Contraction debt
Correct Answer: A. National debt

Detailed Explanation

National debt is the total amount of money that a country’s government owes, accumulated over time from borrowing to cover budget deficits. It represents the historical record of federal government expenditures exceeding revenues.

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