. jonathan landreth reading diagnostic assessment reader tools info save and exit 15 select the correct text in the passage which words in the passage best help clarify the meaning of deficit? a national budget is a document that estimates a nation's annual income and expenditures. a budget deficit occurs when a nation spends more money than it earns. if this imbalance continues, it can result in the gradual accumulation of national debt. this debt may be owed to many different types of creditors, including other governments or international banks. as debt increases due to interest, the nation may have inadequate funds to repay its creditors. this situation can negatively affect the ability of the country to borrow money in the future, reset submit Get the answer
Category: geography | Author: Mona Eva