The sum of past deficit of budget if accumulated is considered as __________?
Correct answer: B. national debt
- A. global surplus
- B. national debt
- C. international debt
- D. global debt
Explanation
A budget deficit is a yearly shortfall, while the accumulation of past deficits forms the government’s outstanding national debt. Global and international debt are not the standard terms for this total.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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