Answer to Question #8984 in Macroeconomics for moni

Question #8984
Government debt is defined as a shortfall of incoming revenue relative to outgoing payment a shortfall of outgoing payments relative to incoming revenue accumulated deficits minus accumulated surpluses accumulated surpluses minus accumulated deficits
Expert's answer
1) a shortfall of incoming revenue relative to outgoing payment
It means that incoming revenues can’t cover all government outgoing payments and it leads to deficit at first and then to the government debt.

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