The public debt is the sum of all of the previous

A) expenditures of the federal government.
B) budget deficits of the federal government.
C) budget deficits less the budget surpluses of the federal government.
D) budget surpluses less the budget deficits of the federal government.

Public Debt

Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.

Budget Deficits

The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.