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In year 1, the government spent more than it collected in tax revenue. In year 2, the government increased spending more with no other budget
In year 1, the government spent more than it collected in tax revenue. In year 2, the government increased spending more with no other budget changes. Which of the following is the most likely result from year 1 to year 2?
The budget surplus would decrease.
The budget surplus would increase.
The budget deficit would increase.
The national debt would decrease.
The budget deficit would decrease.
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