Sample E

• • National Debt is the total amount of money borrowed by the government. National Debt is

  Domestic Debt + Foreign Debt. National Debt is measured as a percentage of GDP. National debt impact -May increase in government taxes in order to pay back national debt – therefore less disposable income for individuals and less profit for business.

  Less money for government to spend on social protection/enterprise/essential services as they have to service (pay back the interest on) the debt.
• • A sole trader is personally responsible for all business debts. They have unlimited liability.

  Reward

  - A sole trader is their own boss. They can make all the business decisions and keep all the profits.