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oksano4ka [1.4K]
2 years ago
12

What does National Debt mean

History
1 answer:
marta [7]2 years ago
3 0
The national debt is simply the net accumulation of the federal government's annual budget deficits. It is the total amount of money that the U.S. federal government owes to its creditors. To make an analogy, fiscal or budget deficits are the trees, and the national debt is the forest.
please mark brainlest!
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