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A budget deficit occurs when the government A. doesn’t pass a balanced budget for the current fiscal year B. raises the top federal income tax rate C. raises more tax revenues t…

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asked Oct 7, 2023 61.8k views

5 votes

A budget deficit occurs when the government

A. doesn’t pass a balanced budget for the current fiscal year

B. raises the top federal income tax rate

C. raises more tax revenues than it spends

D. spends more tax revenues than it receives

Social Studies
college

Gerhard Schlager asked

by Gerhard Schlager

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1 Answer

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D. Spends more tax revenues than it receives

Yatu answered Oct 12, 2023

by Yatu

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A budget deficit occurs when the government A. doesn’t pass a balanced budget for the current fiscal year B. raises the top federal income tax rate C. raises more tax revenues t…

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