When the federal government's collection of tax revenues is less than what it spends in a given year, it results in a

Name: When the federal government's collection of tax revenues is less than what it spends in a given year, it results in a
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When the federal government's collection of tax revenues is less than what it spends in a given year, it results in a national deficit. This means that the government has to borrow money to cover the shortfall, resulting in an increase in the national debt.

When the Federal Government's Collection of Tax Revenues Is Less