Government Debt Explained: Deficits, Borrowing and Bonds - Economics Made Simple

Описание: Why do governments borrow money and what is government debt?

In this episode of the Economics Made Simple series, we explain the concept of government debt, one of the key topics in macroeconomics.

You’ll learn:

• The definition of government debt
• What a budget deficit is
• How governments borrow money by issuing government bonds
• Why governments borrow during economic downturns
• Why economists monitor government debt levels

This video is designed to help GCSE and A-Level economics students, while also explaining government debt in simple terms for anyone who wants to better understand how the economy works.

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