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9 September, 06:10

The United States government spends more than it earns in tax revenues. How does the government

fund this additional spending?

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Answers (1)
  1. 9 September, 06:31
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    When the federal government spends more money than it receives in taxes in a given year, it runs a budget deficit. Conversely, when the government receives more money in taxes than it spends in a year, it runs a budget surplus. If government spending and taxes are equal, it is said to have a balanced budget.
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