Question

Define Public Debt with Example...

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Answer 1

Answer:

Hey bestu

Explanation:

Government debt, also known as public interest, public debt, national debt and sovereign debt, contrasts to the annual government budget deficit, which is a flow variable that equals the difference between government receipts and spending in a single year.

Answer 2

In the modern world, it is not possible for the government to meet all its expenditure through tax and non-tax revenue. Hence public revenue fall short of public expenditure and the loans borrowed by the government from the public is called public debt.

Debt is defined as owing money, owed money that is past due or the feeling as if you owe someone something. An example of debt is what you owe on your mortgage and car loan. An example of debt is a feeling of gratitude when someone helps you to go to college

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