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If a Government's Income Tax Receipts Exceed Its Expenditures, the Government

Question 73

Multiple Choice

If a government's income tax receipts exceed its expenditures, the government is running a


A) surplus and is a net borrower of funds.
B) surplus and is a net saver of funds.
C) deficit and is a net borrower of funds.
D) deficit and is a net saver of funds.

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