Which of these statements is true?
A) If the government spending is less than the total tax revenue, then the government has no debt.
B) If the government spending is less than the total tax revenue, then the government debt increases.
C) If the government spending is less than the total tax revenue, then the government has a budget surplus.
D) If the government spending is less than the total tax revenue, then the government has a budget deficit.
Correct Answer:
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