Government debt

From CNM Wiki
Revision as of 03:35, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Government debt is the total accumulated amount that the government has borrowed and not yet paid back over time. ==Definition== According to Principles of Economics by...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Government debt is the total accumulated amount that the government has borrowed and not yet paid back over time.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Government debt. The total accumulated amount that the government has borrowed and not yet paid back over time.