Answer Bank when the government receives more in taxes than it spends in a given time period when government spending and taxes are equal when the federal government spends more than it collects in taxes in a given time period the total accumulated amount that the government has borrowed and not yet paid back over time
Answer Bank when the government receives more in taxes than it spends in a given time period when government spending and taxes are equal when the federal government spends more than it collects in taxes in a given time period the total accumulated amount that the government has borrowed and not yet paid back over time
Chapter17: Federal Deficits, Surpluses, And The National Debt
Section17.3: Why Worry Over The National Debt?
Problem 2YTE
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Match the terms with their definition.
Budget surplus | Budget deficit | Balanced budget | Government debt |
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