The amount the nation's government owes is called the national debt.

The answer is: National Debt.

Answered by Trim | 2024-06-10

The national debt is the total amount of money a government owes, accumulated through borrowing to finance budget deficits. It is held by the public and government accounts and can indicate economic health. Effective management of national debt is important for a stable economy.
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Answered by Trim | 2024-12-24