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Suppose the Government Spends $3 Trillion and Collects $2 Trillion

Question 16

Multiple Choice

Suppose the government spends $3 trillion and collects $2 trillion in taxes this year.The ________ is equal to __________.

A) debt; $1 trillion
B) deficit; $1 trillion
C) debt; $2 trillion
D) deficit; $2 trillion

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