Question

Analyze the relationship between the federal budget and national debt. Explain how a federal budget deficit and a federal budget surplus influence level of national debt. 1-2 Sentences

Answer 1

[AI-generated answer — Bot GPT 3.5]

The federal budget deficit occurs when government spending exceeds government revenue, leading to an increase in the national debt. Conversely, a federal budget surplus occurs when government revenue exceeds government spending, resulting in a decrease in the national debt.