The total of all federal deficits in a nation is called the
A) economic debt.
B) federal deficit.
C) fiscal debt.
D) national debt.
E) consumer debt.

Question

Quizplus · Accepted Answer

The total of all federal deficits in a nation is called the national debt. Federal deficit refers to the amount by which government exceeds its expenditures over revenues in a fiscal year. Economic debt and fiscal debt are not commonly used terms in economics. Consumer debt refers to the amount of money individuals owe to creditors.

The Total of All Federal Deficits in a Nation Is