Definition:TheBudget Deficitis the financial situation wherein theexpenditures exceed the revenues. The Budget Deficit generally relates to the government’s expenditure and not the business or individual’s spending. The government’s collective deficits are termed as“National Debt”.In the case of ...
9. What is Budget Deficit? When expenses exceed revenue and indicate the financial health of a country Shortage of funds with the government to maintain its day-to-day affairs The shortfall in a government's income compared with its spending ...
If a government runs a budget deficit of $10 billion dollars each year for ten years, then a surplus of $1 billion for five years, and then a balanced budget for another ten years, what is the government debt? In economics, a budget deficit is the excess of government spending over rev...
My first question is how the government can get so far in debt. Whenever I have a personal budget deficit, I know I need to change things in a hurry so I don't continue to go further in debt. Not only is the total amount of debt overwhelming, but where to start cutting out program...
What is the relationship between budget deficit and public or national debt? Government Revenue: Government revenue is the capital received by the government of a country and is used to carry out its activities. The main source of government revenue is tax collection. The level of...
请问下,What is the current account balance of a nation with a government budget deficit of128 billion,private saving of 806 billion,and domestic capital formation of$777 billion? 答案 1280亿美元政府预算赤字,8060亿美元私人储蓄,国内资本组成7770亿美元,这个国家的现金帐户余额是多少?会翻译,不会算,你...
the end result of this trade-off—asurplus budgetmeans profits are anticipated, abalanced budgetmeans revenues are expected to equal expenses, and adeficit budgetmeans expenses will exceed revenues. These principles hold true whether the budget is intended for an individual, a family, or a company...
Budget Deficit Abudget deficitoccurs when a government spends more in a given year than it collects in revenues, such as taxes. For example, if a government takes in $10 billion in revenue in a particular year and its expenditures for the same year are $12 billion, it is running a defic...
My first question is how the government can get so far in debt. Whenever I have a personal budget deficit, I know I need to change things in a hurry so I don't continue to go further in debt. Not only is the total amount of debt overwhelming, but where to start cutting out program...