The annual shortfall between what the government spends and what it takes in is known as

Name: The annual shortfall between what the government spends and what it takes in is known as
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The annual shortfall between what the government spends and what it takes in is known as the federal budget deficit. It is not the same as the national debt, which is the accumulation of all past deficits minus surpluses. The other choices (C and D) are not used to describe the budget shortfall.

The Annual Shortfall Between What the Government Spends and What