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Answer :
The United States national debt at the end of 1992 was approximately $4 trillion. The correct option is A.
What is the national debt?
The amount of money the federal government has borrowed to pay the remaining balance of costs incurred through time is known as the national debt. When spending exceeds income in a particular fiscal year (FY),
The total amount of money owed by the federal government to creditors, which includes people, other governments, and other entities, is known as the national debt of the United States. When the government spends more money than it brings in through taxes and other sources of income, the national debt rises.
The national debt of the United States was almost $4 trillion by the end of 1992. This indicates that the government borrowed $4 trillion to fund its spending, adding to its debt. A number of causes, including continued military operations, rising social welfare spending, and a slow economy, contributed to the high amount of national debt in 1992.
Thus, the ideal selection is option A.
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Answer:
The United States' national debt at the end of 1992 was approximately $4 trillion.
