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5 Answers
- Anonymous1 decade agoFavorite Answer
A budget deficit is when a government spends more than it takes in in revenue.
National debt is the amount of bonds and obligations held by debt holders in and outside of a country.
- sumbumblebeeLv 61 decade ago
Yes. But don't let "most" people get you down. In my experience, there are a whole lot of not-so-bright people in this world. The next time someone tries to argue with you about National Debt versus The Trade Deficit, but obviously uses the terms interchangeably, just smile and nod and hope they don't reproduce. ;0)
- Anonymous1 decade ago
Yes, but I'm smarter than the average bear
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- Anonymous1 decade ago
yes, do you?
