The public debt is:.
a. the total value of all outstanding federal government securities.
b. an excess of government spending over government revenues during a given time period.
c. all federal government debt irrespective of who owns it.
d. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm