The ________ is the amount by which government spending exceeds government revenue in a fiscal year.

Name: The ________ is the amount by which government spending exceeds government revenue in a fiscal year.
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Question

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A budget deficit occurs when government spending exceeds government revenue within a fiscal year. This means that the government is spending more money than it is taking in, which can lead to increased borrowing and national debt.

The ________ Is the Amount by Which Government Spending Exceeds