Which statements accurately describe debts and deficits? Select all that apply.

1-The deficit is the amount a government spends above what it brings in.

2-The government's debt represents how much it owes from borrowing to pay for expenditures.

3-Deficits cause debt to decrease.

4-Deficits cause debt to increase.

5-Debt is free and has few consequences for the government.

6-Debt requires a government to pay back more than it has borrowed.

Question

Social Studies

Timmy

25 February, 17:31

Which statements accurately describe debts and deficits? Select all that apply.

1-The deficit is the amount a government spends above what it brings in.

2-The government's debt represents how much it owes from borrowing to pay for expenditures.

3-Deficits cause debt to decrease.

4-Deficits cause debt to increase.

5-Debt is free and has few consequences for the government.

6-Debt requires a government to pay back more than it has borrowed.

+3

Answers (2)

Know the Answer?

Andrew Russell · Answer 1

The answer to your question is 1,2,4,6. According to the assignment, it was right.

Xavier Greene · Answer 2

I just took the test the answer is

- A government's budget deficit causes debt to increase.-Debt requires a government to pay back more than it has borrowed.

- The deficit is the amount a government spends above what it brings in.