If the net public debt expanded last year, then which of the following most likely occurred during the year?
A) The government's budget was balanced.
B) The government experienced a budget surplus.
C) The government experienced a budget deficit.
D) The government's tax collections exceeded its spending.

Question

Quizplus · Accepted Answer

An increase in net public debt indicates that the government spent more money than it collected in revenue, meaning that it was likely operating with a budget deficit.

If the Net Public Debt Expanded Last Year, Then Which