Question

Hello - I need assistance with the below question:

The accumulation of money that a government has borrowed over time but has not yet paid back is a:

	a.	?government outlay.
	b.	?government deficit.
	c.	?government surplus.
	d.	?government debt.

Answer 1

The accumulation of money that a government has borrowed over time but has not yet paid back is the amount government owns to the outsiders or lenders. so such type of meoney is known as the government debt.

government surplus is when the government has more income and less of expenditures and similarly government deficit is when the givernment expenditures are more than the income of it .

government outlay refers to the income of goevrnment spent on both transfer and other expenditures

so answer is D government debt .