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1.Answer the following questions regarding government debt and deficits. a)Where does the government get its funds that it spends? b)What is the difference between federal

1.Answer the following questions regarding government debt and deficits.

a)Where does the government get its funds that it spends?

b)What is the difference between federal debt and federal deficit?

Please give examples and also please explains the answers as if you are teaching it ti someone who has no clue about macro.

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