Explain the difference between the budget deficit and the national debt. If the deficit gets turned into

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Explain the difference between the budget deficit and the national debt. If the deficit gets turned into a surplus, what happens to the debt?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:48 AM

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Explain the difference between the budget deficit and the national debt. If the deficit gets turned into

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The budget deficit is an annualflow concept It is the excess of govern...View the full answer

Macroeconomics Principles And Policy

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