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The federal budget deficit is? the year-to-year A

Economics

The federal budget deficit is? the year-to-year

A. short fall in tax revenues relative to government spending. The federal government debt is the accumulation of all past deficits.

B. excess of tax revenues relative to government spending. The federal government debt is the accumulation of all past debts.

C. surplus in tax revenues relative to government spending. The federal government debt is the accumulation of all past deficits.

D. short fall in tax revenues relative to government spending. The federal government debt is the accumulation of all past debts.

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