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In 2 or 3 sentences, explain how an increase in government spending can increase the national debt.
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In 2 or 3 sentences, explain how an increase in government spending can increase the national debt.
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Nov 8, 2017
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In 2 or 3 sentences, explain how an increase in government spending can increase the national debt.
English
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Schelte Bron
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An increase in government spending can increase the national debt due to borrowing. If spending is more than tax collections, a deficit is obtained. [ If revenues are greater than the amount spent, a surplus is realized. ]
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Nov 14, 2017
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