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19 January, 15:00

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

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  1. 19 January, 17:10
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    The statements that accurately describe debts and deficits are:

    - A government's budget deficit causes debt to increase. (because the government are forced to seek money from another country to continue their policies)

    Debt requires a government to pay back more than it has borrowed. (because of the interest rates)

    The deficit is the amount a government spends above what it brings in. (if the amount spends below what it brings in, it's called a surplus)
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