What is the difference between a budget deficit and the national debt?

Name: Problem 23, Chapter 16: Principles of Macroeconomics for AP Courses
Uploaded: 2021-06-18T19:27:41-08:00
Duration: 46 s
Channel: Kaylee Mcclellan
Description: What is the difference between a budget deficit, a balanced budget, and a budget surplus?

Question

What is the difference between a budget deficit, a balanced budget, and a budget surplus?

Kaylee Mcclellan · Accepted Answer

step 1 The differences between a government budget deficit, a budget surplus, and a balanced budget are

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