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The Government's Annual Primary Budget Deficit Is Equal to the

Question 82

Multiple Choice

The government's annual primary budget deficit is equal to the


A) decrease in the stock of government debt during the course of a year.
B) excess of government's program expenditures over tax revenues in a given fiscal year.
C) excess of current revenue over current expenditure.
D) total amount of government spending on program expenses, personnel, and capital outlays.
E) accumulation of government borrowing.

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