Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Question

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Answer 1

Question

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

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Answer 2

Question

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

Answer 6

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.

Economics Concept Introduction

Introduction:Budget of a nation defined as the money management by the government. It tells us about the expenditure and income of the nation.

Answer 7

Chapter 16, Problem 1TY

To determine

To describe: Difference between budget deficit and national debt and explain effect on the debt when deficit turns into surplus.

Answer 8

Expert Solution & Answer

Answer to Problem 1TY

When nation expenditure is more than the income is called deficit budget. When a nation takes loans from the international organizations, it is called nation debt.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The budget consist two words expenditure and income of the nation. If the income is greater than the expenditure is called surplus budget. When expenditure is more than the income then it called deficit budget. National debt occurs when nation takes loan from the international organizations for the development of the nation. When deficit turns into surplus, the nation uses that surplus to overcome the nation debt.