Added: 2 years ago
From: marketplacevideos
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  • Haha, he would have gotten the same response at the presidential debates!

  • 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!!!

  • 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

  • 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!

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