Question: The U.S. public debt Multiple Choice refers to the debts of all units of governmentfederal, state, and local. consists of the total debt of U.S.

The U.S. public debt Multiple Choice refers to the debts of all units of governmentfederal, state, and local. consists of the total debt of U.S. households, businesses, and government. refers to the collective amount that U.S. citizens and businesses owe to foreigners. consists of the historical accumulation of all past federal deficits and surpluses

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