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If the federal government's expenditures are less than tax revenues, then__: Question 29 options: A) the budget is balanced. B) there is a budget deficit.

If the federal government's expenditures are less than tax revenues, then__: Question 29 options: A) the budget is balanced. B) there is a budget deficit. C) there is a budget surplus. D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays

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