What term describes the total accumulation of previous budget deficits over time?

Financial Markets and Funds MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Subject
Financial Markets and Fundsfinance-mcqs › financial-markets-and-funds
Published
12 May 2023
Last updated
28 May 2026

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Explanation

When a government’s budget deficits from past years are added up, the resulting total is known as the national debt.

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