If the national debt is $13 trillion,the national deficit will be considerably higher.
Level of Learning 2: Understanding of concepts and principles

Question

Quizplus · Accepted Answer

The national debt is the total amount of money a government owes, while the national deficit is the difference between what the government spends and what it earns in a given year. The deficit contributes to the debt, but it is not necessarily higher.

If the National Debt Is $13 Trillion,the National Deficit Will