Budget deficit and public debt

Have you ever wondered about the difference between debt and deficit? While they sound similar, these two concepts play distinct roles in shaping our economy. In this video, we break down the key differences between debt and deficit, explain how they’re connected, and discuss their impact on individuals, businesses, and governments. Using real-world examples like the U.S. national debt and budget deficits during crises like the COVID-19 pandemic, we’ll simplify these complex terms to help you understand how they affect economic policies and your daily life.

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