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    Economics Study Set 8
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    Exam 31: Deficits and Debt: the Austerity Debate
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    Define Deficits,surpluses,and Debt
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Define Deficits,surpluses,and Debt

Question 102

Question 102

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Define deficits,surpluses,and debt.How do accounting practices affect the definitions of deficits and surpluses?

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A deficit is a shortfall of revenues bel...

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