A federal deficit of $300 billion means that A) the government plans
A federal deficit of $300 billion means that
A) the government plans on collecting $300 billion in taxes this year.
B) the government has a total debt of $300 billion.
C) the government is spending $300 billion a year more than it is collecting in taxes.
D) government spending is $300 billion a year.
ANSWER
C
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