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Published byErik Rose Modified over 6 years ago
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Debt and Deficit -Borrowing money affects both debt and deficit
-Budget deficits add to debt -Debt and deficit contribute to unbalanced budgets Debt -The sum of all the government borrowing up to that time, minus the borrowings that have been repaid -The total of all deficits and surpluses Deficit -The amount of money the government borrows for one budget, representing one fiscal year -Can rise or fall because of forces beyond the government’s control
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Debt and Deficit -Borrowing money - -Debt and deficit Debt
-The of all the government up to that time, minus the that - Deficit -The amount of the government for one , representing -Can because of forces the government’s
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