Deficit means that you are down in your balance. Example. If I'm Mexico and my trade partner is Brazil. If I buy more to Brazil that what I sell to Brazil that means I expend more than what I earn.
a deficit is where you don't have enough money to cover all your expenses in which you try to cover by borrowing or in the US case printing more money
Haha, he would have gotten the same response at the presidential debates!
Calliber50 2 years ago
Deficit means that you are down in your balance. Example. If I'm Mexico and my trade partner is Brazil. If I buy more to Brazil that what I sell to Brazil that means I expend more than what I earn.
You kids are all ok.
Keep learning...
Cheers!!!
campodetrading 2 years ago
a deficit is where you don't have enough money to cover all your expenses in which you try to cover by borrowing or in the US case printing more money
negkreyol21 2 years ago
Nice video...This is obviously the level (maybe even prior to) where people should be learning about the economy, not when they get to 40 like me!
BlacksAreBeautiful 2 years ago 4