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19 September, 18:47

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.

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  1. 19 September, 22:40
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    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)
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