Wednesday, April 2, 2008

How much is $87 billion?

National debt- is the amount of money owed by the United States federal gavernment to creditors who hold U.S. debt instruments

Trade Deficit- is the difference between the monetary value of exports and imports in an economy over a certain period of time

The difference between national debt and trade deficit is that national debt keeps count of all the money that the U.S. federal government owe to the people and trade deficit keeps record of all the money that goes out and cames to the country

I think that trade deficit is hurting more the economy because if there is no trade of money with other countries the national debt is going to increase casing more problems to the economy.

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