National debt: The total accumulated amount the government owes from past budget deficits minus surpluses.
How to apply it: Distinguish the annual deficit from the total national debt and explain how the debt-to-GDP ratio measures fiscal sustainability.
Course: AP Macroeconomics · Unit: Long-Run Consequences of Stabilization Policies
Practice questions about National debt on AimFive — get rubric-based feedback showing exactly which points you earned.
AP and Advanced Placement are trademarks of College Board. AimFive is not affiliated with or endorsed by College Board.