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    Modern Principles of Economics
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    Exam 17: The Federal Budget: Taxes and Spending
  5. Question
    What Is the Annual Difference Between Federal Spending and Revenues
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What Is the Annual Difference Between Federal Spending and Revenues

Question 212

Question 212

Multiple Choice

What is the annual difference between federal spending and revenues called?


A) the deficit
B) the national debt held by the public
C) tax revenue shortfall
D) spending as a percentage of GDP

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