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The surplus and/or deficit is a ______ because we measure the surplus or deficit at each fiscal year

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The surplus and/or deficit is a flow because we measure the surplus or deficit at each fiscal year.

A flow is a change to a stock over a period of time. A surplus is how we measure what is left over, extra after a period of time. The deficit is what we find when there was not enough of something over a period of time.
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