Economics A-Level
National debt
What National debt means in Economics A-Level, as defined for AQA.
Definitions of National debt
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Check what you remember
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Reference: AQA
The cumulative total of outstanding government borrowing, which a budget surplus allows a government to pay down.
The amount that persistent deficits increase, leading to higher future debt interest payments.
The cumulative total of all past government borrowing that remains unpaid.
Topics that use National debt
- Fiscal policy (AQA A-Level)
Related terms
- Aggregate demand and supply
- Aggregate supply
- Automatic stabilisers
- Budget balance
- Budget deficit
- Budget surplus
- Crowding out
- Direct taxes
Using National debt in the exam
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