Economics (AS & A Level) · May / June 2023 · Paper 11 · Question 28
9708Fiscal policy
What is the equivalent of a country's national debt?
- Athe accumulated borrowing of the government
- Bthe difference between government spending and taxation
- Cthe interest paid by the government on all the money it owes
- Dthe total money owed by all households in the country
As printed in the paper
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Correct answer: A. the accumulated borrowing of the government
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