A stock variable measuring the net accumulation of past deficits is the _____
A) twin deficit.
B) debt ceiling.
C) budget deficit.
D) projected liability of federal outlays.
E) national debt.

Question

Quizplus · Accepted Answer

The national debt is a stock variable that represents the cumulative total of past budget deficits and reflects the net accumulation of the federal government's borrowing over time. The other options either refer to specific aspects of the budget deficit (C) or potential future liabilities (B and D), or a concept that includes both the budget deficit and trade deficit (A).

A Stock Variable Measuring the Net Accumulation of Past Deficits