A is created each time the federal government spends less than it collects in taxes in a given year. O budget deficit O budget surplus O corporate tax O regressive tax

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 24RQ: Have spending and taxes by state and local governments In the United States had a generally upward...
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QUESTION 29
A
is created each time the
federal government spends less than it collects in
taxes in a given year.
O budget deficit
Obudget surplus
O corporate tax
O regressive tax
Transcribed Image Text:QUESTION 29 A is created each time the federal government spends less than it collects in taxes in a given year. O budget deficit Obudget surplus O corporate tax O regressive tax
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