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

Question

Quizplus · Accepted Answer

The term used to define the annual shortfall between what the government spends and what it takes in is called the federal budget deficit. The national debt refers to the cumulative amount of borrowing by the government over time, while revenue stream refers to the flow of income into the government. Debit is a term used in accounting to refer to an entry that represents an expense. The national tax rate refers to the amount of taxes paid by citizens and businesses in a country.

The Annual Shortfall Between What the Government Spends and What