Explain the difference between a budget deficit, a trade deficit, and the national debt.?

Answer 1

The national debt is the total amount of government borrowing still outstanding, owed to individuals and institutions.
Budget deficit is the amount by which government spending exceeds government revenues.
trade deficit is the value of a nation's imports exceeds the value of its exports.you can calculate it by (imports-exports)

Answer 2

budget deficit is one where say you budget so much cash for the running of your business and it costs more to run it than you budgeted that is a budget deficit, a trade deficit is when you trade goods with a country or some such and you take in more goods from that country than the country took from you the national debt is where after all the take in we get from taxes, trade ect it is less than the outgo for services, goods ect. creating a debt