I know what it is, but I'm not too good at economics. If anyone is into financing and economics, please help me with this questions.
1. If the government has a balanced budget, does it mean that the federal debt has gone up, the federal debt (the PAST YEAR) has stayed the same, the debt has decreased, or too little information is provided? I read conflicting info about debt varying.
I'm not too good at analyzing, so please help me if you can! I want accurate answers, PLEASE.
2007-05-16 12:41:00 · 1 answers · asked by kiki 1 in Education & Reference ➔ Homework Help
Federal debt (the PAST YEAR) has stayed the same
Balanced budget means no deficit or surplus in this year's finances, Revenue and expenses are equal, so the debt you have from the past does not increase nor decrease.
2007-05-16 12:52:38 · answer #1 · answered by JuanB 7 · 0⤊ 0⤋