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AP Macroeconomics
Unit 5 – Long–Run Consequences of Stabilization Policies
Topic 5.4
How is the national debt different from a budget deficit?
The national debt and a budget deficit both represent the shortfall in a single fiscal year's budget
The national debt is the shortfall in a single fiscal year's budget, while a budget deficit is the total amount of money that a country's government has borrowed
The national debt and a budget deficit both represent the total amount of money that a country's government has borrowed
The national debt is the total amount of money that a country's government has borrowed, while a budget deficit is a shortfall in a single fiscal year's budget
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AP Macroeconomics - 5.4 Deficits and the National Debt
Key terms
Budget Deficit
National Debt
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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