The federal debt is _______ and the federal deficit is _______.
A) the cumulative total of what the federal government owes; the amount the federal government overspent in a given year
B) the amount the federal government overspent in a year; the cumulative total of what the federal government owes
C) the total of what is projected to be spent in a given year; the total of what is projected to be earned in revenues in a given year
D) None of these are true.
Correct Answer:
Verified
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A)regressive.
B)proportional.
C)progressive.
D)a
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