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

Question 135

Question 135

Multiple Choice

The annual difference between federal spending and revenues is called the:


A) national deficit.
B) national debt.
C) debt held by the public.
D) debt-to-GDP ratio.

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