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30 May, 13:30

Suppose the federal government operates under a budgetary deficit this year equal to $200B. Which of the following spending and tax revenue combinations would be consistent with this state of fiscal finance?

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  1. 30 May, 13:47
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    Answer: Spending = $ 450B and tax revenue = $ 250 B

    Explanation:

    A budget deficit occurs when expenses surpasses the revenue and indicate the financial health of a country. The government generally uses the term budget deficit when referring to spending rather than businesses or individuals.
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Home » Business » Suppose the federal government operates under a budgetary deficit this year equal to $200B. Which of the following spending and tax revenue combinations would be consistent with this state of fiscal finance?
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