If federal tax revenues are less than federal expenditures in a given year, then there is a federal ______ for that year. deficit. debt payoff. surplus.

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05-12-2022
Business

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If federal tax revenues are less than federal expenditures in a given year, then there is a federal ______ for that year. deficit. debt payoff. surplus.

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contexto115 contexto115 · Answer 1 · 2022-12-07T21:03:19-05:00

If federal tax revenues are less than federal expenditures in a given year, then there is a federal deficit for that year.

A budget federal deficit occurs when expenses exceed revenue and can indicate the financial health of a country. The term is commonly used to refer to government spending rather than businesses or individuals.Budget deficits affect the national debt, the sum of annual budget deficits, and the cumulative total a country owes to creditors.

A budget deficit occurs when expenses exceed revenue. Certain unanticipated events and policies may cause budget deficits. Countries can counter budget deficits by raising taxes and cutting spending.

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