Government Deficits and the National Debt
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
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QUESTION
What is a government budget deficit?
QUESTION
How can a government reduce national debt?
QUESTION
What is the formula for calculating the budget deficit?
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ANSWER
Budget Deficit = Government Spending - Revenue. Shows the shortfall when spending exceeds revenue.
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