Which statements accurately describe debts and deficits? Check all that apply. Debt is free and does not affect a government. A government's budget deficit causes debt to increase. A government's budget deficit causes debt to decrease. 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.

The statements that accurately describe debts and deficits are:

A government's budget deficit causes debt to increase. (when there is deficit of budget, government is forced to borrow capital from another country to fund their activities)

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

The deficit is the amount a government spends above what it brings in. (when the amount spent is lower than it brings in, it is called a surplus)