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Business, 19.09.2021 02:20 vonteee2

If the revenue (money coming in) is less than government expenditures (money going out) in a year, this is called a deficit. When there is a deficit, governments borrow money to cover the shortfall between money earned and money spent. The federal debt number is the total amount the federal government owes after years of deficits.


If the revenue (money coming in) is less than government expenditures (money going out) in a year,

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