ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the total amount of money the government owes
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the amount of money the government owes within a given year
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the revenue the government brings in
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balanced at zero
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Detailed explanation-1: -Note: The Central Government debt/liabilities, including external debt at current exchange rate, EBRs and after adjusting cash balance, is estimated at 155.77 lakh crore and ₹ 172.50 lakh crore as on 31st March, 2023 & 31st March, 2024, respectively.
Detailed explanation-2: -The $31 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.
Detailed explanation-3: -The national debt ($31.46 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the nation’s history.
Detailed explanation-4: -The debt is the total amount of money the U.S. government owes. It represents the accumulation of past deficits, minus surpluses. Debt is like the balance on your credit card statement, which shows the total amount you have accrued over time.