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If Government Revenues in 2000 Were $2

Question 96

Multiple Choice

If government revenues in 2000 were $2.0 trillion and government outlays were $1.8 trillion,this means that the federal


A) debt was unaffected in that year.
B) debt increased $200 billion.
C) budget deficit was $200 billion.
D) budget surplus was $200 billion.
E) budget was balanced.

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