Question

The U. S. national debt:______________.

a. will be paid off when the budget is finally balanced.
b. is paid off each fiscal year when the debt is refinanced.
c. will never be paid off in any given year, but it will be entirely paid off when it is refinanced over a number of years.
d. equals the dollar amount of outstanding U.S. Treasury bonds

Answer 1

d. equals the dollar amount of outstanding U.S. Treasury bonds

Step-by-step explanation:

The National debt is entirely represented by the total dollar amount of outstanding U.S. Treasury bonds, both those bonds that are held by the public (private citizens), or by other governments.

Currently, the U.S. National Debt is over 24 million, and the amount of debt that can be issued in the form of U.S. Treasury bonds is limited by the national debt ceiling.