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The amount of money a national government owes is referred to as its national debt or public debt. This debt is the total of all outstanding borrowings by the government, typically represented as a percentage of the country's gross domestic product (GDP). National debt can arise from budget deficits, where government expenditures exceed revenues, and is financed through the issuance of government bonds and securities. The implications of national debt can vary, influencing economic policy, interest rates, and overall fiscal health.
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Which term describes the amount of money the nation owes?
Debt
What term describes the amount of money a nation owes?
The term that describes the amount of money a nation owes is "national debt." This debt is the total of all outstanding loans and financial obligations incurred by the government, typically resulting from borrowing to finance budget deficits. National debt can include both public debt, which is owed to external creditors, and intragovernmental debt, which is owed to various government agencies.
The amount the nation owes to another country is?
national plan
What is tax credit?
a sum deducted from the total amount a taxpayer owes to the state ; An amount of money that a taxpayer is able to subtract from the amount of tax that they owe to the government.
What do you call the amount the federal government owes?
A deficit.
The total amount that a nation's government owes is called?
Debt. The amount the government spends, above and beyond incoming revenue is called a deficit. The accumulated annual deficit spending plus interest is the debt.
What is the relationship between the budget deficit and the national debt?
The budget deficit is the amount by which government spending exceeds revenue in a given year. The national debt is the total amount of money the government owes. The budget deficit contributes to the national debt when the government borrows money to cover the shortfall.
What is the amount the nation owes?
National Debt.I Hopee I Helped Youh. ! (:~UnKnownn;
How do you distinguish between a state and a nation?
A state is a member of a group that owes allegiance to a national government.
What is the word that means person or country that owes money?
The general term is debtor, as in debtor nation.
Money that the government owes is called?
Perpetual government debt (to be paid by the next elected party, and so on).
What is the difference between a citizen and a noncitizen?
A citizen is a member of a nation who was either born there or naturalized and who owes allegianec to the government while receiving certain rights and protections in return. Noncitizen National is born in territories possessed by a nation, owes allegiance to government and lacks certain rights.
