National deficit refers to:
A)the amount of borrowing that a country does from either the private sector or other countries.
B)the market value of all final goods and services produced within a country in a given period.
C)the accounting record of all monetary transactions between a country and the rest of the world.
D)imports being greater than the exports.
E)the net inflow of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.

Question

Quizplus · Accepted Answer

National deficit refers to the amount of borrowing that a country does from either the private sector or other countries. It is the difference between what a government spends and what it collects in taxes in a given period, necessitating borrowing to cover the shortfall.

National Deficit Refers To