The difference between the gross public debt and the net public debt is that the a. gross public debt includes government interagency borrowing while the net public debt does not. b. the gross public debt is expressed as a percentage of GDP while the net public debt is not. c. gross public debt is based on budget deficit while the net public debt is not based on budget deficits. d. gross public debt includes entitlements while the net public debt does not.

The difference between the gross public debt and the net public debt is that the a. gross public debt includes government interagency borrowing while the net public debt does not. b. the gross public debt is expressed as a percentage of GDP while the net public debt is not. c. gross public debt is based on budget deficit while the net public debt is not based on budget deficits. d. gross public debt includes entitlements while the net public debt does not.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The difference between the gross public debt and the
net public debt is that the a. gross public debt includes
government interagency borrowing while the net
public debt does not. b. the gross public debt is
expressed as a percentage of GDP while the net public
debt is not. c. gross public debt is based on budget
deficit while the net public debt is not based on budget
deficits. d. gross public debt includes entitlements while
the net public debt does not.

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